4001 Groveland Avenue, Sarasota, FL 34231
Local realty services provided by:CENTURY 21 SUNBELT REALTY
Listed by: rachel tritschler, rick tritschler, jr.
Office: re/max alliance group
MLS#:A4691652
Source:MFRMLS
Price summary
- Price:$1,450,000
- Price per sq. ft.:$316.66
About this home
LOCATION LOCATION LOCATION! Sarasota's hottest zip code is Presenting a strong multifamily investment opportunity just minutes from Siesta Key, this 5-unit hotel/ motel property offers current income, flexible rental options, and long-term upside in one of Sarasota’s most desirable rental markets. Located in a non-flood zone approximately 4 miles from Siesta Key Beach, the property is well positioned for long-term tenants, seasonal rentals, or potential short-term rental strategies.
The building includes five 2-bedroom, 1-bath units, each offering broad tenant appeal and turnkey convenience. Long-term tenants are currently in place, while the property has the availability to hold a motel/hotel license, creating additional flexibility for future ownership and rental operations.
Investor-friendly features include individually metered utilities, public water and sewer, paved parking, no required flood insurance, and reported general liability insurance of approximately $460. Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, updated bathrooms, major plumbing replacement completed in 2009 and 2010, roof replacement in 2014, blown-in roof insulation.
The property also offers private amenities that help set it apart from typical multifamily options, including a heated and cooled swimming pool, screened patio room, and tropical outdoor space designed to enhance tenant or guest enjoyment.
With current income, multiple rental strategy options, turnkey units, and a prime Sarasota location near Siesta Key, this property is a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation potential. Schedule your private showing today....
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Home facts
- Year built:1974
- Subdivision & Development:GROVE PARK
- Listing ID #:A4691652
- Added:104 day(s) ago
- Updated:August 19, 2026 at 05:16 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:5
- Flooring:Ceramic Tile
- Dining Description:Eat In Kitchen, Living Room/Dining Room Combo
- Kitchen Description:Dishwasher, Eat-in Kitchen, Kitchen/Family Room Combo, Microwave, Range, Range Hood, Refrigerator, Solid Surface Counters, Solid Wood Cabinets
- Bedroom Description:Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s)
- Living area:4,291 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1974
- Building area:4,291 sq. ft.
- Lot area:0.59 Acres
- Lot Features:Paved
- Construction Materials:Stucco
- Exterior Features:Covered Porch/Patio, Lighting, Patio, Porch, Rain Gutters, Screened, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Riverview High
- Middle school:Brookside Middle
- Elementary school:Wilkinson Elementary
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,450,000
- Price per sq. ft.:$316.66
- Tax amount:$13,014 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
- Laundry features:Dryer, Inside, Laundry Closet, Washer
- Amenities:BB/HS Internet Available, Cable Available, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
- Pool features:Heated, In Ground, Private Pool
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