$620,000
$674,500
8.1%For more information regarding the value of a property, please contact us for a free consultation.
2,281 SqFt
SOLD DATE : 03/05/2021
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,281 sqft
Price per Sqft $271
Subdivision Sagamore Estates
MLS Listing ID A4486434
Sold Date 03/05/21
Construction Status Financing,Inspections
HOA Y/N No
Year Built 1953
Annual Tax Amount $4,273
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 180x120
Property Description
4 units, all updated, 2 with tropical heated pools, generating $80,000+ in net (after rental taxes and VRBO fees) annual rentals. Annual cash-flow in non-COVID years of $30,000 to $35,000. 1.5 miles from the Anna Maria Island beaches, and next to the Cortez fishing village - home of some of the best seafood restaurants on the gulf coast. No rental restrictions so you can rent daily, weekly, or monthly. No community fees whatsoever. Offered turnkey furnished. Established VRBO rental history, averaging an 'excellent' 4.5 rating. All units are individually fenced offering complete privacy for each unit. Two units have beautiful heated tropical pools. The main house is a duplex with a 3/2 on one side plus pool and washer/dryer (w/d), and a 1/1 on the other (no w/d, no pool access but private patio) Separate from the main house are two individual efficiencies, one featuring a second heated pool, private fenced yard and w/d; and the other with no pool but also offering a private fenced yard and w/d. Units can be rented individually as well as combined for weddings and larger gatherings of up to 15 guests. Roof on main house replaced in 2018, roofs on efficiencies were replaced in 2015. Property is owner managed. Owner will provide contact info for cleaning crew and maintenance man. Owner (not tenants) have access to a community boat launch on Palma Sola Bay. Add hot tubs to the two units without pools and watch your rental income soar in 2021. Owner financing optionally available.
Location
State FL
County Manatee
Community Sagamore Estates
Zoning RDD4.5/C
Interior
Heating Electric, Heat Pump
Cooling Central Air, Mini-Split Unit(s)
Furnishings Furnished
Fireplace false
Exterior
Exterior Feature Awning(s), Fence, Sidewalk
Pool Gunite, Heated, In Ground
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Membrane,Shingle
Attached Garage false
Garage false
Private Pool Yes
Building
Lot Description FloodZone, In County, Near Marina
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 Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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