$1,450,000

4001 GROVELAND AVENUE, Sarasota, FL 34231

  • 10 beds |
  • 5 baths |
  • 4,291 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon0.59acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $338/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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.

Listing Status:
Active
Date Added:
May 6, 2026
Data Last Updated:
July 28, 2026 at 7:22AM
Listing Office:
RE/MAX ALLIANCE GROUP : 941-954-5454
Listing Agent:
Rachel Tritschler : 941-993-5892
MLS ID:
A4691652
  • General: Ceiling Fans(s)Eat-in KitchenKitchen/Family Room ComboLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorSolid Surface CountersSolid Wood CabinetsSplit BedroomThermostatWalk-In Closet(s)
  • Appliances: DishwasherDryerMicrowaveRangeRange HoodRefrigeratorWasher
  • Laundry: InsideLaundry Closet
  • Flooring: Ceramic Tile
  • A/C: Central Air
  • Heating: CentralElectric
  • General: LightingRain GuttersSidewalk
  • Other Structures: PorchScreenedPatioCovered
  • Pool: HeatedIn Ground
  • Roofing: Shingle
  • General: StuccoSlab
  • Road/Access: AsphaltPaved
  • Originating MLS: Stellar MLS
  • County: Sarasota
  • Zoning: RMF2TH N 1/2 OF LOT 31 ALL OF LOTS 32 & 33 & TH S 1/2 OF LOT 34 BLK A GROVE PARK SUB0072030032
  • View: Pool
  • Utilities: BB/HS Internet AvailableCable AvailableElectricity ConnectedPublicSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Stellar MLS
  • Ownership: Fee Simple

This listing courtesy of Rachel Tritschler , RE/MAX ALLIANCE GROUP

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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