407 OHIO PL, SARASOTA, FL, 34236
$1,195,000
Residential Income
Bedrooms
5
Bathrooms
3
Living Area
1,826 Sqft
Lot Size
9,281 Sqft
Welcome to a rare Triplex in the coveted Downtown Historic District of Laurel Park, Sarasota. This well-maintained triplex is an established Airbnb property with a proven rental record. It offers a turn-key solution for savvy investors or homeowners looking to capitalize on its steady income potential. The triplex has been beautifully renovated and maintained by the current owners. It features three charming units: all with their own private driveway. The two front units have two bedrooms and one bathroom each, and the rear unit has one bedroom and one bathroom. it uniquely has an address on Laurel Street as the flag lot has frontage on both Ohio Place and Laurel Street. Each unit includes a private rear patio with patio sets, off-street parking, and washers/dryers (with two units sharing a laundry area); another has a washer and dryer inside. Fully furnished and ready to continue as a successful vacation rental, as it has been, but could also be converted to long-term, this property promises a hassle-free transition with existing management and future bookings in place. With 2024 financials mirroring the success of 2023, this property promises steady income. This triplex has consistently achieved Airbnb Superhost status, attracting guests and generating reliable income year-round. The seller is eager to facilitate a smooth transfer, ensuring the new owner experiences the same benefits. In 2023, this property generated $111,599.17. January to June 2024 has been $74,084.36, which is almost identical to 2023's numbers. All of this will be available upon request to a qualified potential buyer, there are also some gaps in the methods of the owner... This is a hands-off investment for the current owner; with a little more effort, signage, and efforts to book repeat guests for the following year, I am sure that the income could be pushed higher. Nestled in the National Historic District of Laurel Park, this property offers easy access to Sarasota’s bayfront, restaurants, shopping, Selby Gardens, and vibrant arts and theater venues. Seize the opportunity to own this turn-key triplex in Laurel Park and start benefiting from proven Airbnb rental success, the upside potential to Sarasota's growth, and enjoy the continued growth of the best place residential neighborhood in Sarasota's Down Town area. Contact us today to explore this income-generating gem!
Property Details
Property Features Property Features
MLS ID: MFRA4669693 Year Built: 1940
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer Construction Materials: Block, Stucco
Cooling: Wall/Window Unit(s) Country: US
County Or Parish: Sarasota Exterior Features: Fence, Lighting, Sidewalk, Sliding Doors, Storage
Financial Data Source: Owner Foundation Details: Slab
Heating: Electric Laundry Features: Common Area, Laundry Room
Lease Term: 6-12 Month Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional
Lot Features: Corner Lot, Flag Lot, Historic District, City Limits, Landscaped, Sidewalk, Paved Occupant Type: Vacant
Patio And Porch Features: Covered Pets Allowed: Cats OK, Dogs OK, Yes
Property Condition: Completed Property Sub Type: Triplex
Property Type: Residential Income Road Surface Type: Paved
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Appointment Only, Other, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected View: Garden
Water Source: Public Window Features: Blinds, Shades
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