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

Currently viewing 1 of 297
1116 Cocoanut Avenue
Sarasota, Florida FL 34236-3337
Sold For: $836,000
Listing ID: A4557567
Status: Closed
Sold Date: 4/10/2023
Bedrooms: 3 Bed
Total Baths: 2 Bath
SqFt: 2,013 Sq Ft
Acres: 0.170 Acres
Subdivision: Boulevard Add To Sarasota
Year Built: 1935

Desirable apartment building with tenants in place. The property has lush low-maintenance landscaping with inviting common areas that have just been upgraded to include a new parking area. Close to restaurants, nightlife and grocery stores. One block to bayfront water. There are tennis courts and a park directly across the street Upgrades include a renovated unit, new roof, new mini split air conditioners, and a new commercial dryer. The units are bright and nicely appointed. Gross income is $61,100 and the net income is approximately $48,000. Great tenants in place. The Sarasota-Bradenton international airport is a 10-minute drive, 3.9 miles. Easy to see with 24-hour notice.

Primary Features

County: Sarasota
Property Sub Type: Quadruplex
Property Type: Residential Income
Subdivision: Boulevard Add To Sarasota
Year Built: 1935
Zoning: RMF3

Interior

Appliances: Electric Water Heater, Range, Refrigerator
Building Area Units: Square Feet
Cooling Type: Mini-Split Unit(s)
Fireplace: no
Flooring: Carpet, Laminate, Tile, Wood
Furnished: Unfurnished
Heating Type: Central
Interior Features: Ceiling Fans(s), High Ceilings, Solid Wood Cabinets
Laundry Features: Inside, Laundry Room, Upper Level
Living Area Meters: 187.01
Living Area Source: Public Records
Living Area Units: Square Feet

External

Carport: no
Construction Materials: Stucco, Wood Frame
Exterior Features: Fence, Lighting, Rain Gutters, Sidewalk, Tennis Court(s)
Foundation Details: Crawlspace
Garage: no
Homestead: no
Lot Features: City Limits, Level, Near Public Transit, Sidewalk, Paved
Lot Size Dimensions: 50x125
Lot Size SqFt: 6225
Lot Size Square Meters: 578
Number Of Units Total: 4
Parking Features: Common, Guest, Open
Pool Private: no
Property Condition: Completed
Property Description: Walk-Up
Road Surface Type: Asphalt
Roof: Membrane
Sewer: Public Sewer
Total Acreage: 0 to less than 1/4
Total Number of Buildings: 1
Unit Count: 2
Utilities: Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
View Type: Park/Greenbelt
Water Access: no
Water Extras: no
Water Source: Public
Water View: no
Waterfront: no

Location

Association: no
Association Approval Required: no
Building Area Source: Public Records
Building Area Total: 2013
Community Development District: no
Community Features: Park, Sidewalks, Tennis Courts
Country: US
Elementary School: Bay Haven Sch of Basics Plus Elementary
Flood Zone Code: X,AE
High School: Booker High
Middle Or Junior School: Booker Middle
MLS Area Major: 34236 - Sarasota
SW Subdivision Community Name: Blvd Add (To Sarasota)
Township: 36S

Financial

Additional Lease Restrictions: Confirm with county
Annual Net Income: 41888.00
Available For Lease: yes
Current Price: 836000.00
Disclosures: Lead Paint, Seller Property Disclosure
Financial Data Source: Owner
Gross Income: 61100
Listing Terms: Cash, Conventional
Minimum Lease: 1 Month
Ownership: Fee Simple
Special Listing Conditions: None
Tax Annual Amount: 6458.88
Tax Block: 2
Tax Book Number: A-31
Tax Lot: 19
Tax Year: 2021
Tenant Pays: Electricity
Total Actual Rent: 5850

Zoning Info


Listed by: Premier Sothebys Intl Realty 941-364-4000.

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 Friday, March 29th, 2024 at 07:48:38 AM.

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