To schedule a showing of 4001 Groveland Avenue, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!
$1,500,000 | 10 beds | N/A full baths | N/A half baths | 4,291 sqft
Sarasota, FL 34231
- 10Beds
- 5.00Total Baths
- 0 Full, 0 HalfBaths
- 4,291SqFt
- 1974Year Built
- 0.59Acres
- MLS# A4691652
- Income
- Quadruplex
- Active
- Approx Time on Market1 month, 4 days
- Area34231 - Sarasota/gulf Gate Branch
- CountySarasota
- Subdivision Grove Park
Overview
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 Sarasotas 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.
Agriculture / Farm
Association Fees / Info
Community Features: Sidewalks
Bathroom Info
Total Baths: 5.00
Building Info
Roof: Shingle
Building Area Source: PublicRecords
Buyer Compensation
Exterior Features
Pool Features: Heated, InGround
Patio: Covered, Patio, Porch, Screened
Pool Private: Yes
Exterior Features: Lighting, RainGutters
Fees / Restrictions
Financial
Gross Income: 145,000
Expense Tenant: Electricity
Original Price: $1,500,000
Garage / Parking
Green / Env Info
Interior Features
Floors: CeramicTile
Laundry Features: Inside, LaundryCloset
Interior Features: BuiltInFeatures, CeilingFans, EatInKitchen, KitchenFamilyRoomCombo, LivingDiningRoom, MainLevelPrimary, OpenFloorplan, SplitBedrooms, SolidSurfaceCounters, WalkInClosets, WoodCabinets
Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, RangeHood, Washer
Lot Info
Direction Remarks: From I-75 take exit 207 heading west on Bee Ridge Rd, then turn left onto Groveland Ave. The Units will be on the left.
Lot Size Units: Acres
Lot Size Acres: 0.59
Lot Sqft: 25,830
Lot Desc: OutsideCityLimits
Misc
Other
Special Conditions: None
Security Features: SmokeDetectors
Other Rooms Info
Property Info
Section: 04
Class Type: Quadruplex
Property Sub Type: Quadruplex
Construction Materials: Stucco
Foundation: Slab
Human Modified: Yes
Sqft Info
Sqft: 4,291
Bulding Area Sqft: 4,579
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,025
Tax Lot: 31
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 Block: A
Tax Annual Amount: 13013.97
Tax Book Number: 1-109
Unit Info
Total Actual Rent: 9,500
Utilities / Hvac
Heating: Central, Electric
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir, CeilingFans
Cooling: Yes
Heating: Yes
Utilities: CableAvailable, ElectricityConnected, HighSpeedInternetAvailable, MunicipalUtilities, SewerConnected, WaterConnected
Waterfront / Water
View: Yes
View: Pool
Directions
From I-75 take exit 207 heading west on Bee Ridge Rd, then turn left onto Groveland Ave. The Units will be on the left.This listing courtesy of Re/max Alliance Group
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MLS IDX data last updated on 06-04-2026 2:00 AM EST.
If you have any questions on 4001 Groveland Avenue, Sarasota, Florida, please call David Shippey at 863-521-4517.
MLS# A4691652 located at 4001 Groveland Avenue, Sarasota, Florida is brought to you by David Shippey REALTOR®
4001 Groveland Avenue, Sarasota, Florida has 10 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 4001 Groveland Avenue, Sarasota, Florida is A4691652.
The price for 4001 Groveland Avenue, Sarasota, Florida is $1,500,000.
The status of 4001 Groveland Avenue, Sarasota, Florida is Active.
The subdivision of 4001 Groveland Avenue, Sarasota, Florida is Grove Park.
The home located at 4001 Groveland Avenue, Sarasota, Florida was built in 2026.