BABCOCK RANCH

SARASOTA, FL 34236 407 OHIO PLACE

$1,195,000

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Presented By: COLDWELL BANKER REALTY with 941-383-6411. - 941-383-6411
  • MLS# A4619451
  • 09/28/2024
  • Request Tour
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  • Beds • 5
  • Baths • 3
  • SQFT • 1,826

Home Details

Welcome to a rare Triplex in the coveted Downtown Historic District of Laurel Park, Sarasota. This well-maintained triplex is an established Airbnb property with a proven rental record. It offers a turn-key solution for savvy investors or homeowners looking to capitalize on its steady income potential. The triplex has been beautifully renovated and maintained by the current owners. It features three charming units: all with their own private driveway. The two front units have two bedrooms and one bathroom each, and the rear unit has one bedroom and one bathroom. it uniquely has an address on Laurel Street as the flag lot has frontage on both Ohio Place and Laurel Street. Each unit includes a private rear patio with patio sets, off-street parking, and washers/dryers (with two units sharing a laundry area); another has a washer and dryer inside. Fully furnished and ready to continue as a successful vacation rental, as it has been, but could also be converted to long-term, this property promises a hassle-free transition with existing management and future bookings in place. With 2024 financials mirroring the success of 2023, this property promises steady income. This triplex has consistently achieved Airbnb Superhost status, attracting guests and generating reliable income year-round. The seller is eager to facilitate a smooth transfer, ensuring the new owner experiences the same benefits. In 2023, this property generated $111,599.17. January to June 2024 has been $74,084.36, which is almost identical to 2023's numbers. All of this will be available upon request to a qualified potential buyer, there are also some gaps in the methods of the owner... This is a hands-off investment for the current owner; with a little more effort, signage, and efforts to book repeat guests for the following year, I am sure that the income could be pushed higher. Nestled in the National Historic District of Laurel Park, this property offers easy access to Sarasota’s bayfront, restaurants, shopping, Selby Gardens, and vibrant arts and theater venues. Seize the opportunity to own this turn-key triplex in Laurel Park and start benefiting from proven Airbnb rental success, the upside potential to Sarasota's growth, and enjoy the continued growth of the best place residential neighborhood in Sarasota's Down Town area. Contact us today to explore this income-generating gem!
Presented By: COLDWELL BANKER REALTY with 941-383-6411. - 941-383-6411

Interior Features for 407 OHIO PLACE

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Common Wallscorner unit
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesceiling fan(s), living room/dining room combo, open floorplan, solid surface counters
Laundry Featurescommon area, laundry room
Window Featuresblinds, shades

General for 407 OHIO PLACE

Additional Parcels Y/NNo
Appliancesdishwasher, dryer, microwave, range, refrigerator, washer
Building Area Unitssquare feet
Carport Y/NNo
Citysarasota
Construction Materialsblock, stucco
Coolingwall/window unit(s)
Countysarasota
Directionsfrom ringling blvd, head south on osprey to west on oak street. go north on ohio place to address
Elementary Schoolsouthside elementary
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income111599
HOANo
Heatingelectric
High Schoolsarasota high
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionlot 6 & n 1/2 of lot 7 & ely 8 ft of s 1/2 of lot 7 & ely 8 ft of lot 8 blk b rhodes & hale sub
Levelsone
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet9281
Lot Size Unitssquare feet
MLS Area34236 - sarasota
Middle/Junior High Schoolbooker middle
Minimum Lease1 week
ModificationTimestamp2025-04-03t10:51:47.123z
New ConstructionNo
Number Of Units Total3
Occupancy Typetenant
Ok to Lease>6 months <12
Ownershipfee simple
Patio/Porch Featurescovered
Pets Allowedcats ok, dogs ok, yes
Property Conditioncompleted
Property Subtypetriplex
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namerhodes & hale sub
Tax Annual Amount11173
Tax Lot6
Tax Year2023
Total Actual Rent9300
Utilitiescable connected, electricity connected, public, sewer connected, water connected
Viewgarden
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1940
Zoningrsm9

Exterior for 407 OHIO PLACE

Building Area Total2729
Exterior Amenitiesfenced, lighting, sidewalk, sliding doors, storage
Foundation Detailsslab
Lot Featurescorner lot, flag lot, historic district, city lot, landscaped, sidewalk
Lot Size Acres0.21
Lot Size Area9281
Number of Buildings2
Private PoolNo
Road Frontage Typestreet paved
Road Surface Typepaved
Water Sourcepublic

Additional Details

Price History

Schools

Middle School Booker Middle
Elementary School Southside Elementary
High School Sarasota High

Andre LaFountain

Realtor / Coach
Price $1,195,000
MLS#A4619451
List Date 09/28/2024
Property Type Income
Phone 518.569.7173
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Request Info
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