Property Description

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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Included Appliances

DishwasherDryerMicrowaveRangeRange HoodRefrigeratorWasher

Property Details

Highlights

View

Yes

Interior

Appliances

DishwasherDryerMicrowaveRangeRange HoodRefrigeratorWasher

Building Area Total

4579

Cooling

Central Air

Flooring

Ceramic Tile

Furnished

Turnkey

Heating

CentralElectric

Interior Features

Ceiling Fan(s)Eating Space In KitchenKitchen/Family Room ComboLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorSolid Surface CountersSolid Wood CabinetsSplit BedroomThermostatWalk-In Closet(s)

Laundry Features

InsideLaundry Closet

Living Area

4291

Security Features

Smoke Detector(s)

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

Stucco

Foundation Details

Slab

Living Area Source

Public Records

Living Area Units

Square Feet

Roof

Shingle

Year Built

1974

Site & Exterior

Exterior Features

LightingRain GuttersSidewalk

Flood Zone Code

X

I D X Participation

Yes

Lot Features

In County

Lot Size Acres

0.59

Lot Size Area

25830

Lot Size Square Feet

25830

Lot Size Units

Square Feet

Patio And Porch Features

CoveredPatioPorchScreened

Pool Features

HeatedIn Ground

Public Survey Range

18E

Public Survey Section

04

Road Frontage Type

Street Paved

Road Surface Type

PavedAsphalt

Sewer

Public Sewer

Total Acreage

1/2 to less than 1

Utilities

BB/HS Internet AvailableCable AvailableElectricity ConnectedPublicSewer ConnectedWater Connected

View

Pool

Water Source

Public

Zoning

RMF2

Financials

Calculated List Price By Calculated Sq Ft

349.57

Contract Status Change Date

2026-05-06

Current Price

1500000

Feed Types

BBO

Lease Considered

Yes

Owner Name

ON RECORD

Ownership

Fee Simple

Parcel Number

0072030032

Public Survey Township

37S

Tax Annual Amount

13013.97

Tax Block

A

Tax Book Number

1-109

Tax Legal Description

TH N 1/2 OF LOT 31 ALL OF LOTS 32 & 33 & TH S 1/2 OF LOT 34 BLK A GROVE PARK SUB

Tax Lot

31

Tax Year

2025

Total Actual Rent

9750

Neighborhood & Lifestyle

Community & Association

M L S Area Major

34231 - Sarasota/Gulf Gate Branch

S W Subdiv Community Name

Grove park

Subdivision Name

GROVE PARK

Schools

Ratings

Elementary

Wilkinson Elementary

Middle

Brookside Middle

High

Riverview High

Listing provided courtesy of STELLAR via IDX. Updated: Jun 6, 2026, 8:53am.

4001 GROVELAND AVENUE

4001 GROVELAND AVENUE

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Rachel Tritschler

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4001 GROVELAND AVENUE

4001 GROVELAND AVENUE

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Rachel Tritschler