407 Ohio Place

Sarasota, FL 34236

$1,195,000
Price
5
Beds
1,826 Sq. Ft.
$654 / Sq. Ft.
1,826
Sq. Ft.
$654
per Sq. Ft.

Description

Welcome to a rare Triplex in the coveted Downtown Historic District of Laurel Park, Sarasota. This well-maintained triplex is an established Airbnb property with a proven rental record. It offers a turn-key solution for savvy investors or homeowners looking to capitalize on its steady income potential. The triplex has been beautifully renovated and maintained by the current owners. It features three charming units: all with their own private driveway. The two front units have two bedrooms and one...Welcome to a rare Triplex in the coveted Downtown Historic District of Laurel Park, Sarasota. This well-maintained triplex is an established Airbnb property with a proven rental record. It offers a turn-key solution for savvy investors or homeowners looking to capitalize on its steady income potential. The triplex has been beautifully renovated and maintained by the current owners. It features three charming units: all with their own private driveway. The two front units have two bedrooms and one bathroom each, and the rear unit has one bedroom and one bathroom. it uniquely has an address on Laurel Street as the flag lot has frontage on both Ohio Place and Laurel Street. Each unit includes a private rear patio with patio sets, off-street parking, and washers/dryers (with two units sharing a laundry area); another has a washer and dryer inside. Fully furnished and ready to continue as a successful vacation rental, as it has been, but could also be converted to long-term, this property promises a hassle-free transition with existing management and future bookings in place. With 2024 financials mirroring the success of 2023, this property promises steady income. This triplex has consistently achieved Airbnb Superhost status, attracting guests and generating reliable income year-round. The seller is eager to facilitate a smooth transfer, ensuring the new owner experiences the same benefits. In 2023, this property generated $111,599.17. January to June 2024 has been $74,084.36, which is almost identical to 2023's numbers. All of this will be available upon request to a qualified potential buyer, there are also some gaps in the methods of the owner... This is a hands-off investment for the current owner; with a little more effort, signage, and efforts to book repeat guests for the following year, I am sure that the income could be pushed higher. Nestled in the National Historic District of Laurel Park, this property offers easy access to Sarasota’s bayfront, restaurants, shopping, Selby Gardens, and vibrant arts and theater venues. Seize the opportunity to own this turn-key triplex in Laurel Park and start benefiting from proven Airbnb rental success, the upside potential to Sarasota's growth, and enjoy the continued growth of the best place residential neighborhood in Sarasota's Down Town area. Contact us today to explore this income-generating gem!
  1. Listed by Ryan Skrzypkowski • COLDWELL BANKER REALTY

Property Details for 407 Ohio Place

Subdivision Name
RHODES & HALE SUB
Township
36
View
Garden
Waterfront
No
LISTING UPDATED: 09/26/2024 07:40 PM

Property Details for 407 Ohio Place

StatusActive
MLS #A4619451
Days on Market115
Taxes$11,173 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1940
Lot Size0.21 AC / 9,281 SF
CountySarasota County

Building Information for 407 Ohio Place

Stories-Residences3Year Built1940Building Size-Lot Size0.21 AC / 9,281 SF

Property Information for 407 Ohio Place

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2729.0
  • Building Area Units: Square Feet
  • Directions: From Ringling Blvd, head South on Osprey to West on Oak Street. Go north on Ohio Place to address
  • Elementary School: Southside Elementary
  • Middle Or Junior School: Booker Middle
  • High School: Sarasota High
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Rhodes & Hale Sub
  • Unit Number: No
  • Street Number: 407
  • Street Name: OHIO
  • Street Suffix: PLACE
  • State: FL
  • City: SARASOTA
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association Fee Requirement: Optional
  • Association: Yes
  • CDD: No
  • Number Of Pets: 10+
  • Tax Block: B
  • Tax Book Number: 1-87
  • Tax Legal Description: LOT 6 & N 1/2 OF LOT 7 & ELY 8 FT OF S 1/2 OF LOT 7 & ELY 8 FT OF LOT 8 BLK B RHODES & HALE SUB
  • Tax Lot: 6
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Corner Lot, Flag Lot, Historic District, In City Limits, Landscaped, Sidewalk, Street Paved
  • Parcel Number: 2027100106
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: RSM9
  • Living Area: 1826
  • Property Info: Corner Unit, Studio/Efficiency
Property and Assessments
  • Year Built Numeric: 1940
  • Flood Zone Code: X
  • Flood Zone Date: 11-04-2016
  • Flood Zone Panel: 12115C0133F
  • New Construction: No
  • Property Condition: Completed
  • Property Description: Corner Unit, Studio/Efficiency
  • Public Survey Range: 18
  • Public Survey Section: 19
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: Fenced, Lighting, Sidewalk, Sliding Doors, Storage
  • Foundation Details: Slab
  • Levels: One
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 5
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Electric
  • Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
  • Laundry Features: Common Area, Laundry Room
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Blinds, Shades
Multi Family
Multi-Family Information
  • Annual Expenses: $16,044
  • Annual Net Income: $95,555.00
  • Est Annual Market Income: $95,555.00
  • Gross Income: $111,599
  • Total Monthly Expenses: $1,337
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 3487
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Number Of Units Occupied 2: 1
  • Unit Type Pro Forma 2: 3487
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 2325
  • Unit Type Type 3: 1 Bed/1 Bath
  • Unit Type Units Total 3: 1
Rental
Rental Information
  • Total Actual Rent: $9,300
  • Minimum Lease Period: 0
  • Pets Allowed: Cats OK, Dogs OK, Yes

Property History for 407 Ohio Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 407 Ohio Place

Taxable ValueLand$599,500Additions$199,000Total$798,500
Tax Record2023$11,173 ($931 / month)
Home Facts
Baths3Total Finished SqFt1,826 SqFtAbove Grade Finished SqFt1,826 SqFtStories1Lot Size9,281 SqFtStyleTriplexYear Built1940Year Renovated1995ZoningRSM9CountySARASOTAAPN2027-10-0106

Schools near 407 Ohio Place

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Southside Elementary School
PublicPK to 5

Booker Middle School
Public6 to 8

Sarasota High School
Public9 to 12

Suncoast School For Innovative Studies
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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407 Ohio Place is a multi-family home for sale in Sarasota, FL 34236. This property was listed for sale on August 12, 2024 by COLDWELL BANKER REALTY, it's currently listed at $1,195,000. It has been on the market for a total of 115 days and was last sold on December 18, 2020. This listing's school district is Sarasota. Nearby schools include Southside Elementary School, Booker Middle School and Sarasota High School. 407 Ohio Place is a 5-bed, 0-bath, 1,826 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER REALTY, Ryan Skrzypkowski

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.