$795,000
$878,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
2164 8TH ST Sarasota, FL 34237
8 Beds
4 Baths
2,880 SqFt
Key Details
Sold Price $795,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $276
Subdivision Walpole Frank A
MLS Listing ID A4634438
Sold Date 03/05/25
Bedrooms 8
HOA Y/N No
Originating Board Stellar MLS
Year Built 1973
Annual Tax Amount $4,426
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 50x130
Property Sub-Type Quadruplex
Property Description
Your chance to own a 4 plex just north of downtown Sarasota! This block 4 plex is in fantastic condition with ACs and water heaters updated in 2019 and electrical panels updated in 2014, plus durable vinyl windows. Roof is 2005. MTM rents are currently approximately $1,300/month—well below the $1,800 median market rent for 2/1 units (per Rentometer), offering immediate income growth potential. Located in the sought-after Missing Middle Overlay district, the property also boasts affordable housing redevelopment opportunities with density increases up to a maximum of 35 units/acre (check with the city for details). Close to top restaurants, shopping, and public transit, this is a rare chance to secure a property with long-term upside. Perfect 1031 exchange candidate. We have access to property managers that can help manage your investment if you want a more hands off property.
Location
State FL
County Sarasota
Community Walpole Frank A
Zoning DTN
Interior
Interior Features Other
Heating Electric
Cooling Central Air
Fireplace false
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with PREMIER SOTHEBYS INTL REALTY