4001 Groveland Avenue, Sarasota, FL 34231

Sarasota
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
4001 Groveland Avenue,Sarasota, FL 34231
$1,500,000
Virtual Tour
  • 10 Beds
  • 5 Baths
  • 4,291 sq. ft.
  • Multi-family
  • Active
Listed by: rachel tritschler, rick tritschler, jr.
Office: re/max alliance group
MLS#:A4691652
Source:MFRMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$327.58

About this home

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...

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Home facts

  • Year built:1974
  • Listing ID #:A4691652
  • Added:1 day(s) ago
  • Updated:May 08, 2026 at 12:56 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Flooring:Ceramic Tile
  • Dining Description:Eat In Kitchen, Living Room/Dining Room Combo
  • Kitchen Description:Dishwasher, Eat-in Kitchen, Kitchen/Family Room Combo, Microwave, Range, Range Hood, Refrigerator, Solid Surface Counters, Solid Wood Cabinets
  • Bedroom Description:Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s)
  • Living area:4,291 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1974
  • Building area:4,291 sq. ft.
  • Lot area:0.59 Acres
  • Lot Features:Paved
  • Construction Materials:Stucco
  • Exterior Features:Covered Porch/Patio, Lighting, Patio, Porch, Rain Gutters, Screened, Sidewalk
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Riverview High
  • Middle school:Brookside Middle
  • Elementary school:Wilkinson Elementary

Utilities

  • Water:Public, Water Connected
  • Sewer:Public, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$327.58
  • Tax amount:$13,014 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Laundry features:Dryer, Inside, Laundry Closet, Washer
  • Amenities:BB/HS Internet Available, Cable Available, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
  • Pool features:Heated, In Ground, Private Pool
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