3 Car Garage Home Real Estate Professional

Brooke O'Malley
CLUB REALTY
Real Estate Broker
1-941-726-2677

Currently viewing 1 of 314
5306-5312 S Lockwood Ridge Road
Sarasota, Florida FL 34231-2537
Sold For: $1,850,000
Listing ID: A4507885
Status: Closed
Sold Date: 2/01/2022
SqFt: 4,975 Sq Ft
Acres: 1.250 Acres
Subdivision: Sun Haven
Year Built: 1969

Take advantage of this incredible and unique investment opportunity. Three adjacent duplexes and one single family home across the street are located just minutes from some of the best public schools in Sarasota and the beaches of Siesta Key. Both units in two of the duplexes are currently rented with the potential for increased rent. Third duplex being updated with potential rent per unit of $1,600 or greater. Fencing surrounds all three yards creating one amazing backyard for all duplex units. Each unit has either a private garage or a carport (or screened-in carport) as well as additional parking. The single-family home is on an oversized 16,000 plus square foot lot and features newer roof and windows. With some basic updates it would make a great rental. There may also be potential to divide the single-family home lot. Neighborhood in transition with new-build estate properties as well as traditional single-family homes. Great investor opportunity, live in one and rent the others out or create a unique multi-generational situation. Lots of options here particularly with the hot rental market. Price may increase as more improvements are made.

Primary Features

County: Sarasota
Property Sub Type: Duplex
Property Type: Residential Income
Subdivision: Sun Haven
Year Built: 1969
Zoning: RSF3

Interior

Appliances: Dishwasher, Dryer, Range, Washer
Building Area Units: Square Feet
Cooling Type: Central Air
Fireplace: no
Heating Type: Central, Electric
Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat
Living Area Meters: 462.19
Living Area Source: Public Records
Living Area Units: Square Feet
Spa: no

External

Attached Garage: yes
Carport: yes
Carport Spaces: 4
Construction Materials: Block, Stucco
Exterior Features: French Doors
Foundation Details: Slab
Garage: yes
Garage Spaces: 2
Homestead: no
Lot Features: In County, Paved
Lot Size SqFt: 44652
Lot Size Square Meters: 4148
Number Of Units Total: 7
Parking Features: Garage Door Opener
Pool Private: no
Property Condition: Completed
Road Surface Type: Asphalt
Roof: Metal, Shingle
Sewer: Public Sewer
Total Acreage: 1/2 to less than 1
Total Number of Buildings: 3
Unit Count: 3
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Water Access: no
Water Extras: no
Water Source: Public
Water View: no
Waterfront: no

Location

Association: no
Building Area Source: Public Records
Building Area Total: 7092
Community Development District: no
Country: US
Elementary School: Gulf Gate Elementary
Flood Zone Code: X
Flood Zone Panel: 12115C0144F
High School: Riverview High
Middle Or Junior School: Sarasota Middle
MLS Area Major: 34231 - Sarasota/Gulf Gate Branch
Number Of Lots: 3
SW Subdivision Community Name: Sun Haven
SW Subdivision Condo Number: 1608
Township: 37

Financial

Annual Expenses: 15000
Annual Net Income: 90300.00
Current Price: 1850000.00
Disclosures: Seller Property Disclosure
Financial Data Source: Owner
Listing Terms: Cash
Ownership: Fee Simple
Special Listing Conditions: None
Tax Annual Amount: 10207
Tax Book Number: 16-19
Tax Lot: 2
Tax Year: 2020
Tenant Pays: Electricity

Zoning Info


Listed by: Premier Sothebys Intl Realty .

Listing information ©My Florida Regional MLS DBA Stellar MLS 2024. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties displayed may be listed or sold by various participants in the MLS. Data last updated on Thursday, March 28th, 2024 at 09:47:26 PM.

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