$1,900,000
$2,450,000
22.4%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
12 Baths
7,211 SqFt
SOLD DATE : 03/29/2024
Key Details
Sold Price $1,900,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,211 sqft
Price per Sqft $263
Subdivision 0000 - Not Part Of A Subdivision
MLS Listing ID A4597802
Sold Date 03/29/24
Bedrooms 12
HOA Y/N No
Originating Board Stellar MLS
Year Built 2002
Annual Tax Amount $14,597
Lot Size 0.350 Acres
Acres 0.35
Property Description
The "Siesta Gateway Estates" is a rare 2002 masonry construction apartment complex, with 5 garages, positioned just before the South Bridge access to Siesta Key. The property is located within minutes of public beach access connected to Siesta Beach, only 450 feet from the 24-acre “Siesta Promenade” development, and "West of the Trail" (West of Route 41/Tamiami Trl). Each floor in each building contains 1,484 SF of living area and a total of 3 Bedrooms & 3 Bathrooms. However, the property was uniquely built with connecting doors on each floor, providing the rare flexibility to transform the floorplan with opening & closing the adjoining door. Closed, it becomes 2 units, consisting of a large 2 Bedroom / 2 Bathroom unit and a 1 Bedroom / 1 Bathroom unit. Opened, the floorplan converts into a huge 3 Bedroom / 3 Bathroom Unit! The property currently operates with the connecting doors closed, equating to 2 units per floor or 4 units per building, for a total of 8 units. The S.C. property appraiser site currently exhibits 2 units per building, for a total of 4 units, however, all existing tenants have month to month lease terms! View property "Offering Memorandum" for full details!
Location
State FL
County Sarasota
Community 0000 - Not Part Of A Subdivision
Zoning RMF4
Interior
Interior Features Ceiling Fans(s), High Ceilings
Heating Central
Cooling Central Air
Furnishings Unfurnished
Fireplace false
Laundry Inside, Other
Exterior
Exterior Feature Balcony, Courtyard, Sliding Doors
Garage Driveway, Off Street
Garage Spaces 5.0
Pool Deck, In Ground
Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected
Waterfront false
Roof Type Shingle
Porch Enclosed, Front Porch, Screened
Attached Garage true
Garage true
Private Pool Yes
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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