2164 8th Street, Sarasota, FL 34237
- $795,000
- 8
- BD
- 4
- BA
- 2,880
- SqFt
- Sold Price
- $795,000
- List Price
- $878,000
- Status
- Sold
- Days on Market
- 13
- Closing Date
- Mar 05, 2025
- MLS#
- A4634438
- Property Style
- Quadruplex
- Year Built
- 1973
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 2,880
- Price per sq. ft.
- 304.86
- Lot Size
- 13,010
- Acres
- 0.30
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Walpole Frank A
- Community Name
- Walpoles Sub
- MLS Area Major
- Sarasota
Property Description
Your chance to own a 4 plex just north of downtown Sarasota! This block 4 plex is in fantastic condition with ACs and water heaters updated in 2019 and electrical panels updated in 2014, plus durable vinyl windows. Roof is 2005. MTM rents are currently approximately $1,300/month—well below the $1,800 median market rent for 2/1 units (per Rentometer), offering immediate income growth potential. Located in the sought-after Missing Middle Overlay district, the property also boasts affordable housing redevelopment opportunities with density increases up to a maximum of 35 units/acre (check with the city for details). Close to top restaurants, shopping, and public transit, this is a rare chance to secure a property with long-term upside. Perfect 1031 exchange candidate. We have access to property managers that can help manage your investment if you want a more hands off property.
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Additional Information
- Taxes
- $4426
- Community Features
- No Deed Restriction
- Zoning
- DTN
- Interior Features
- Other
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 2028050003
- Legal Description
- LOT 16 & 18 BLK D FRANK A WALPOLE SUB OF LOTS 2 4 & 6 BLK L PLAT OF SARASOTA
Listing courtesy of COASTAL CONNECTION REALTY. 941-896-9991
Selling Office: PREMIER SOTHEBYS INTL REALTY.Mortgage Calculator
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