1700-1704 Redwood Street, Sarasota, FL 34231

$1,900,000
12
BD
12
BA
7,211
SqFt

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Sold Price
$1,900,000
List Price
$2,450,000
Status
Sold
Days on Market
17
Closing Date
Mar 29, 2024
MLS#
A4597802
Property Style
Multi-Family
Year Built
2002
Bedrooms
12
Bathrooms
12
Living Area
7,211
Price per sq. ft.
339.76
Lot Size
15,280
Acres
0.35
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
0000 - Not Part Of A Subdivision
Community Name
Pine Shores Est
MLS Area Major
Sarasota/Gulf Gate Branch

Property Description

The "Siesta Gateway Estates" is a rare 2002 masonry construction apartment complex, with 5 garages, positioned just before the South Bridge access to Siesta Key. The property is located within minutes of public beach access connected to Siesta Beach, only 450 feet from the 24-acre “Siesta Promenade” development, and "West of the Trail" (West of Route 41/Tamiami Trl). Each floor in each building contains 1,484 SF of living area and a total of 3 Bedrooms & 3 Bathrooms. However, the property was uniquely built with connecting doors on each floor, providing the rare flexibility to transform the floorplan with opening & closing the adjoining door. Closed, it becomes 2 units, consisting of a large 2 Bedroom / 2 Bathroom unit and a 1 Bedroom / 1 Bathroom unit. Opened, the floorplan converts into a huge 3 Bedroom / 3 Bathroom Unit! The property currently operates with the connecting doors closed, equating to 2 units per floor or 4 units per building, for a total of 8 units. The S.C. property appraiser site currently exhibits 2 units per building, for a total of 4 units, however, all existing tenants have month to month lease terms! View property "Offering Memorandum" for full details!

Additional Information

Taxes
$14597
Community Features
No Deed Restriction
Zoning
RMF4
Interior Features
Ceiling Fans(s), High Ceilings
Utilities
Electricity Connected, Public, Sewer Connected, Water Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block, Concrete, Stucco
Exterior Features
Balcony, Courtyard, Sliding Doors
Roof
Shingle
Foundation
Slab
Pool
Private
Pool Type
Deck, In Ground
Garage Carport
5+ Car Garage
Garage Spaces
5
Garage Features
Driveway, Off Street
Flood Zone Code
AE
Parcel ID
0104120028
Legal Description
SELY 76 FT OF SWLY 100 FT OF FOLLOWING DESC PROP, COM FROM PT ON S LINE OF SEC 17-37-18, BEING 65.6 FT ELY OF SW COR OF SEC 17, BEING INTRS OF S LINE & NWLY LINE OF STICKNEY PT RD TH NELY ALG NWLY BDRY OF STICKNEY PT RD 1332.3 FT TH NWLY 154.1 FT FOR POB TH NWLY 152.8 FT TH NELY 200 FT TH SELY 155.6 FT TH SWLY 200 FT TO POB, BEING SELY 76 FT OF SWLY 100 FT OF TRACT B BLK 6 PINE SHORES ESTATES 1ST ADD SWLY 100 FT OF FOLLOWING DESC PROP, COM FROM PT ON S LINE OF SEC 17-37-18, BEING 65.6 FT ELY OF SW COR OF SEC 17, BEING INTRS OF S LINE & NWLY LINE OF STICKNEY PT RD TH NELY ALG NWLY BDRY OF STICKNEY PT RD 1332.3 FT TH NWLY 154.1 FT FOR POB TH NWLY 152.8 FT TH NELY 200 FT TH SELY 155.6 FT TH SWLY 200 FT TO POB, LESS SELY 76 FT THEREOF, BEING NWLY 76.8 FT OF SWLY 100 FT OF TRACT B, BLK 6 PINE SHORES ESTATES 1ST ADD

Listing courtesy of THE MULTIFAMILY FIRM LLC. 941-444-6160

Selling Office: THE MULTIFAMILY FIRM LLC.

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