$1,125,000
$1,250,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
2,281 SqFt
SOLD DATE : 11/28/2023
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,281 sqft
Price per Sqft $493
Subdivision Sagamore Estates
MLS Listing ID O6147468
Sold Date 11/28/23
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1953
Annual Tax Amount $7,161
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 180x
Property Description
Experience the ultimate in coastal living with this exceptional investment opportunity! This property features four meticulously updated units contributing to a combined annual rental income exceeding $150,000.00. This investment promises financial prosperity.
Situated a mere 1.5 miles from the pristine Anna Maria Island beaches and neighboring the Cortez fishing village, renowned for its stellar seafood restaurants, this location offers the perfect blend of relaxation and gastronomic delight.
Two of the units elevate the experience with their own tropical heated pools, creating an oasis for guests seeking luxury and leisure. Enjoy the flexibility of no rental restrictions—daily, weekly, or monthly rentals are all welcome. With no community fees, this property is a hassle-free investment.
Offered turnkey furnished, these units are ready to welcome guests with open arms. The establish Rental history on Airbnb/VRBO is solid. Guests love this place and return again and again.
Privacy is paramount, with each unit individually fenced. The main house, a duplex, features a 3-bed/2-bath unit with a pool and washer/dryer, alongside a 1-bed/1-bath unit with a private patio. Two separate efficiencies offer unique experiences—one with a second heated pool and private fenced yard, complete with a washer/dryer, and the other featuring a private fenced yard and washer/dryer.
Unveil the potential for larger gatherings by renting units individually or combined—ideal for weddings and events accommodating up to 15 guests. The main house's roof was replaced in 2018, while the efficiencies' roofs were updated in 2015, ensuring long-term durability.
Managed directly by the owner, this property provides a hassle-free experience for both owners and guests. As an added bonus, the owner has exclusive access to a community boat launch on Palma Sola Bay.
Take your investment to the next level by considering the opportunity to enhance two units further with the addition of hot tubs, elevating your rental income potential in 2024 and the years to come.
Don't miss out on this turnkey paradise that seamlessly blends financial success with coastal charm! Contact us today to learn more about becoming the owner of this coastal gem!
Location
State FL
County Manatee
Community Sagamore Estates
Zoning RDD4.5/C
Direction W
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Other, Split Bedroom
Heating Central
Cooling Central Air, Mini-Split Unit(s)
Furnishings Furnished
Fireplace false
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Exterior
Exterior Feature Awning(s), Fence, Sidewalk
Pool Gunite, Heated, In Ground
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected
Roof Type Membrane,Shingle
Attached Garage false
Garage false
Private Pool Yes
Building
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Private
Structure Type Block,Wood Frame
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with COLDWELL BANKER REALTY
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Agent | License ID: SL3269324