About 4001 Groveland Avenue
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.
Features of 4001 Groveland Avenue
| MLS® # | A4691652 |
|---|---|
| Price | $1,450,000 |
| Bedrooms | 10 |
| Bathrooms | 5.00 |
| Square Footage | 4,291 |
| Acres | 0.59 |
| Year Built | 1974 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Listing Details
| Office | RE/MAX ALLIANCE GROUP |
|---|
Listing Map
Neighborhood Information for 4001 Groveland Avenue
Stable Population, Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Incarnation School Catholic - Preschool to 8Th Grade - Closest Elementry School |
0 Miles | |
|
Wilkinson Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
Triad Public - 6Th Grade to 12Th Grade |
1 Miles | |
|
Brookside Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
|
Brickhouse Academy Private - 5Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
Suncoast Polytechnical High School Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
|
Suncoast Technical College Public - to |
1 Miles |
School data provided by GreatSchools