$815,000
3 bed
1 bath
2,780 sqft
1393 & 1395 40TH STREET, Sarasota, FL 34234
Neighborhood:
Bayou Oaks
Multi Family For Sale
On ZeroDown for 2 months
MLS Status: Active
Est. sale price: $266,058
This represents an estimated sale price for this property, based
on currently available information on this home and historical
market data. It should not be taken as a substitute for a
professional appraisal developed by a licensed appraiser under
the Uniform Standards of Professional Appraisal Practice, nor as
a substitute for a formal comparative market analysis conducted
by a licensed real estate professional.
Desirable multifamily property with huge upscale potential, in walking distance to Ringling Collage. Two buildings #1393 & 1395, on three parcels, one mostly undeveloped. Originally WWll US Army barracks, converted to 4 charming apartments with vintage vibes. Current loss-to-lease is $2,295/month- simply pushing existing leases to market yields an additional 3% ROI-and there is the ability to further increase revenue with modest renovations. The property has lush low maintenance landscaping and a separate structure with laundry equipment.
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$3,840
/month
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20% down, 30 year mortgage, 5.9% APR
All About The Home
Property Details for 1393 & 1395 40TH STREET
Price/Sqft :
Time on ZeroDown:
2 months
Heating/Cooling:
Wall Units / Window Unit, Central Air, Wall/Window Unit(s)
Status
Active
Property Type
Residential Income, Quadruplex
Community
SARASOTA
Lot Size
15,525 sqft.
Year Built
1945
MLS #
A4558731
Style
Multi Family, Quadruplex, Residential Income
County
Virtual Tour
Time On ZeroDown
2 months
Floor Size
2,780 sqft.
City
Bedroom Information
# of bedrooms:
3
Bathroom Information
# of Baths (Total):
5
Heating & Cooling Information
Heating:
Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Interior Information
Interior Features:
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Thermostat, Vaulted Ceiling(s), Window Treatments
Multi-Unit Information
# of Buildings:
2
# of Units:
4
Unit Type 1 Information
# of Baths/unit:
1
Type:
Studio
Pro Forma Rent:
$1,695.0
Unit Type 2 Information
# of Baths/unit:
1
Type:
Studio
Pro Forma Rent:
$1,495.0
Unit Type 3 Information
# of Baths/unit:
2
# of Beds/unit:
3
Type:
Three Bed/Two Bath
Pro Forma Rent:
$2,195.0
Unit Type 4 Information
# of Baths/unit:
1
Type:
Studio
Pro Forma Rent:
$1,495.0
See 20+ more property details
Listed by: Margaret Beshore
•
Brokerage:
SRQ PROPERTIES
•
MLS#: A4558731
•
Source: Stellar MLS
Details provided by
Stellar MLS
and may not match the public record.
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Financials
Market Comparison
Competition is low in 34234, with homes selling 6% below asking price over the last three months. Three years ago, they were selling 4% below asking price.
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Is this a good deal?
This Home
$815K
Can I rent this place out?
Avg zipcode price growth/year over last 3 years
18.10%
Home History
Public Facts about 1393 & 1395 40TH STREET
Last sold date
Nov 22, 2019
Last assessed price
$213K
Around The Neighborhood
How Are the Schools in Bayou Oaks?
Greater Jacksonville percentile
78.74%
National percentile
45.57%
Can I raise a family in Bayou Oaks?
Owner occupied
53.40%
Renter occupied
46.60%
What's nearby 1393 & 1395 40TH STREET?
Number of stores nearby
17
What are my public transportation options in Bayou Oaks?
Walk Score
28
Bike Score
56
Where Can I Charge My Electric Vehicle near 1393 & 1395 40TH STREET?
Number of charging stations nearby
4
Level 3 chargers nearby
0
Recently Sold Homes in Bayou Oaks
Homes sold this month
18
Homes sold last month
16
Quality of Life
Natural Hazards risk in Sarasota
Flood Risk
High
Will I Like My Neighbors in Bayou Oaks?
Average Household Size
2.41
High School or Higher
83.87%
Who provides the best cell coverage in Bayou Oaks?
Best Cellular Provider
T-Mobile USA
Number of Towers
143
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