2537 Ashton Rd - Multi-Family FOR SALE


Sarasota, FL 34231- South Sarasota
$1,095,000 USD
941-586-1939
2537 Ashton Rd, Sarasota, FL for Sale
$1,095,000 USD
Multi-Family - FOR SALE
1/61
null | 5.02% Cap Rate

2537 Ashton Rd
Sarasota, FL 34231
South Sarasota


HIGHLIGHTS

  • Prime location 2.5 miles from Siesta Key Beach. Within 1-2 miles from grocery, post office, many restaurants and shopping
  • Completely renovated in 2017-18. Successful operating AirBnB with 4 year track record and room for growth.
  • Large lot and potential to expand operation and increase ROI with current structures. Current set up allows flexibility in mixed use.

OVERVIEW

Welcome to Snowbird Cottages! Located in the Maine Colony - the first snowbird neighborhood established in Sarasota 100 years ago. This very unique HALF ACRE property contains 3 completely renovated units that have been operating as a successful short term rental (AirBnb) for the last four years. Prime location only a mere 2.5 miles from SIESTA KEY, but in Flood Zone X requiring no flood insurance. The best of both worlds!Single family house in the front - with 2 bed/2 bathrooms, open floor plan, vaulted ceilings, inside laundry, 2 screened porches, and a private fenced yard and grill - renovated in 2018 in cottage style - is included on the National Historic Register making it part of a unique piece ofSarasota history. There is a duplex located just beyond the single family and houses 2 additional fully renovated cottage-style units. Cozy 1bedroom/1 bath units share a laundry around back. Each duplex unit has a private backyard, grill, picnic table and chairs. All 3 units are metered separately for ultimate flexibility, and all 3 units have newer impact windows. All landscaped areas have new irrigation system in place.There is a ZEN garden between the units where all guests can enjoy the water sounds from the bird fountain. All 3 units have a new metal roof installed in 2017-18 giving you peace of mind for the next 30 years. At the back of the property, there is a LARGE GARAGE (30x24) andCARPORT, lots of potential additional parking, and a cute little "She Shed" that is completely finished inside with AC. It is currently being used by Prop Mgmt for light storage but could be set up as a small reading room/library for community use. The garage could be rented separately as well, or converted to community use (i.e. theater room, pool table, exercise room, shower and bathroom as plumbing and water are already nearby). There are also RV hookups already in place, so we are including the 2018 Heartland Mallard M33 RV already set up and ready to go for wherever your imagination takes you. You could continue to run this as an AIRBnB - we will help with a smooth transition. Property manager already in place. Many ways to increase income at this property - including creating amenities at the back of the property with existing structures to fulfill the new trend of "Destination" properties on AIRBnB. Or you could convert the 3 units to annual rentals, and rent out the facilities at the back of the property separately. Or you could live in one of the units, and rent out the rest of them either short term or longterm, and/or use the garage for yourself for workshop, inventory storage, storing large construction vehicles, etc. The possibilities are endless -because the LOCATION is PRIME. Detweilers supermarket, Publix, Gulf Gate shopping, the post office, and a plethora of restaurants and shopsare located within 1-2 miles. Very quiet property. Buyer agent to verify all information. These units come Turn Key Furnished.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

3

PRICE/UNIT

$365,000

CAP RATE

5.02%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,063 SF

ZONING

RSF2

APN/PARCEL ID

0085-15-0017

ASK ABOUT THIS PROPERTY

Cari RalphCarmel PropertiesMore Info
941-586-1939

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Cari RalphCarmel PropertiesMore Info
941-586-1939

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.