145 Cleveland Drive, Sarasota, FL 34236

$1,045,000
2,515
SqFt
List Price
$1,045,000
Status
Pending
Days on Market
31
MLS#
A4476136
Property Style
Quadruplex
Year Built
1968
Living Area
2,515
Lot Size
6,000
Acres
0.14
Total Acreage
Up to 10, 889 Sq. Ft.
Legal Subdivision Name
Lido Beach Div B
Community Name
Lido Beach
MLS Area Major
Sarasota

Property Description

Incredible cash flow opportunity! Own a 4-unit investment property with historical charm just a half block to beautiful Lido Beach. Island Dreams Vacation Rentals has been in operation since 2012, with many satisfied repeat guests and season 2021 bookings solidly in place. The new owner can enjoy guaranteed income while establishing themselves in the vacation rental market, by simply taking over the infrastructure already in place - with an opportunity to increase rental returns. Seller will offer buyer support, including providing prior guest info, operational guidance, support staff, and referral of future inquiries. The trade name Island Dreams Vacation Rentals and valuable reviews from a 3rd party listing site can transfer to the new owner. This is a no brainer for immediate cash flow on highly desirable Lido Key! Excellent location right in the heart of Lido Key (the closest island to downtown Sarasota!) - steps to the beach and easy walking distance to both St. Armand’s Circle and south Lido park (with its popular kayaking and SUP operators). This property offers 4 rental units in 2 buildings: (1) 2-BR Suite, as well as (3) unique one-BR apartments. The rear building is one of the first structures built on the island (1937), with charming pecky cypress ceilings, pine floors, and stone fireplace – own a slice of Sarasota history! Sale includes all furnishings, décor, kitchen supplies, linens, beach supplies, and seller is offering a 1-year home warranty. Laundry on-site with plenty of parking for your guests (each unit can park 2 cars tandem).

Additional Information

Taxes
$10959
Minimum Lease
1 Week
Annual Gross Income
150000
Community Features
No Deed Restriction
Property Description
Two Story
Zoning
RMF2
Interior Layout
Cathedral Ceiling(s), Ceiling Fans(s), Living Room/Dining Room Combo, Master Bedroom Downstairs, Stone Counters, Window Treatments
Interior Features
Cathedral Ceiling(s), Ceiling Fans(s), Living Room/Dining Room Combo, Master Bedroom Downstairs, Stone Counters, Window Treatments
Floor
Tile, Wood
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Heating
Central, Wall Units / Window Unit
Air Conditioning
Central Air
Fireplace
Yes
Fireplace Description
Wood Burning
Exterior Construction
Block, Stucco, Wood Frame
Exterior Features
Balcony, Fenced, French Doors, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage
Roof
Metal, Shingle
Foundation
Crawlspace, Slab
Pool
No Pool
Elementary School
Southside Elementary
Middle School
Booker Middle
High School
Booker High
Water Access
Beach - Public
Flood Zone Code
AE
Parcel ID
2016110023
Legal Description
LOT 6 BLK 62 LIDO BEACH DIV B SUB OF BLKS 50 57 59 THRU 63 PLAT 3 JOHN RINGLING ESTATES INC

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER REALTY.

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