$875,000
3 bed 1 bath 2,013 sqft

1116 COCOANUT AVENUE, Sarasota, FL 34236

Neighborhood: Central Cocoanut
Multi Family Pending Sale On ZeroDown for 2 months
MLS Status: Pending

Desirable apartment building with tenants in place. The property has lush low-maintenance landscaping with inviting common areas that have just been upgraded to include a new parking area. Close to restaurants, nightlife and grocery stores. One block to bayfront water. There are tennis courts and a park directly across the street Upgrades include a renovated unit, new roof, new mini split air conditioners, and a new commercial dryer. The units are bright and nicely appointed. Gross income is $61,100 and the net income is approximately $48,000. Great tenants in place. The Sarasota-Bradenton international airport is a 10-minute drive, 3.9 miles. Easy to see with 24-hour notice.

All About The Home

Property Details for 1116 COCOANUT AVENUE

Home Highlights
Price/Sqft.:
$435/sqft
Parking:
Common, Guest, Open
Time on ZeroDown:
2 months
Heating/Cooling:
Central, Mini-Split Unit(s)
Property Facts
Status
Pending
Property Type
Residential Income, Quadruplex
Community
SARASOTA
Lot Size
6,225 sqft.
Year Built
1935
MLS #
A4557567
Style
Multi Family, Quadruplex, Residential Income
Virtual Tour
Floor Size
2,013 sqft.
View(s)
Park/Greenbelt
Interior Features

Bedroom Information

# of bedrooms:
3

Bathroom Information

# of Baths (Total):
2

Rooms Information

Appliances:
Electric Water Heater, Range, Refrigerator

Heating & Cooling Information

Heating:
Central
Cooling:
Mini-Split Unit(s)

Laundry Information

Laundry:
Inside, Laundry Room, Upper Level

Interior Information

Flooring:
Carpet, Laminate, Tile, Wood
Interior Features:
Ceiling Fans(s), High Ceilings, Solid Wood Cabinets

Multi-Unit Information

# of Buildings:
1
# of Units:
4
Gross Income:
$61,100.0
Total Actual Rent:
$5,850.0

Unit Type 1 Information

# of Baths/unit:
1
# of Beds/unit:
1
Type:
One Bed/One Bath
Pro Forma Rent:
$1,100.0

Unit Type 2 Information

# of Baths/unit:
1
# of Beds/unit:
2
Type:
Two Bed/One Bath
Pro Forma Rent:
$1,500.0
See 20+ more property details
Listed by: Robert Sherman
Brokerage: PREMIER SOTHEBYS INTL REALTY
MLS#: A4557567
Source: Stellar MLS
Details provided by Stellar MLS and may not match the public record.

Explore the area on map

Financials

Market Comparison

There aren't too many bidding wars right now in Central Cocoanut, with homes selling 4% below asking price over the last three months.

Can I rent this place out?

Avg zipcode price growth/year over last 3 years
9.00%
Home History

Public Facts about 1116 COCOANUT AVENUE

Last sold date
Oct 13, 2008
Last assessed price
$407K
Around The Neighborhood

How Are the Schools in Central Cocoanut?

Greater Jacksonville percentile
95.50%
National percentile
79.83%

Can I raise a family in Central Cocoanut?

Owner occupied
58.20%
Renter occupied
41.80%

What's nearby 1116 COCOANUT AVENUE?

Number of stores nearby
17

What are my public transportation options in Central Cocoanut?

Transit Score
36
Walk Score
64

Where Can I Charge My Electric Vehicle near 1116 COCOANUT AVENUE?

Number of charging stations nearby
19
Level 3 chargers nearby
1

Recently Sold Homes in Central Cocoanut

Homes sold this month
3
Homes sold last month
1
Quality of Life

Natural Hazards risk in Sarasota

Flood Risk
Low

Will I Like My Neighbors in Central Cocoanut?

Average Household Size
2.59
High School or Higher
85.59%

Who provides the best cell coverage in Central Cocoanut?

Best Cellular Provider
Sprint Nextel Corporation
Number of Towers
14

How to buy a home in Sarasota

Similar homes near  1116 COCOANUT AVENUE

1487 21ST STREET
Sarasota
$550,000
8 months ago
3 bed • 2 bath • 2132 sqft
1738 7TH STREET
Sarasota
$719,000
6 months ago
4 bed • 1 bath • 1624 sqft