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Description
Rare investment opportunity in Sarasota's highly sought-after Indian Beach neighborhood for under $800K! This vintage mid-century 4-plex features durable concrete block construction, thoughtfully designed as two facing duplexes surrounding a private, complex-only pool.Each of the 4 units offers 2 bedrooms, 1 bathroom, its own dedicated carport, and an individual laundry room for maximum tenant convenience. The back two units highlight recent remodeling upgrades and new appliances.With 2 units currently rented below market value, & 2 still vacant, this property offers immediate upside potential and increased cash flow for investors. Unbeatable location just minutes from Ringling College, Downtown Sarasota, US-41, and local beaches. Don't miss this high-demand, low-turnover income generator!
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.28 Acres
Roof Type: Other
Stories: 1.0
Taxes: $5,504
Year Built: 1960
General Information
Bedrooms: 8
Sqft: 1,792
County: Sarasota
High School: Booker High
Subdivision: DESOTO TERRACE
Listed By:
Bob Moffatt
MICHAEL SAUNDERS & COMPANY
941-966-8000
MLS ID: A4701502
Amenities
Ceiling Fans(s)
Courtyard
Property Features
Additional Rooms: Inside Utility
Annual Net Income: 60000.00
Appliances: Dishwasher, Range, Refrigerator
Days on Site: 6
Directions: From either north or south on US 41 turn west on Myrtle Street, then left on Norwood Court. Property will be on the right.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.28
Ownership: Fee Simple
Parking: Covered, Ground Level
Parking Notes: Covered, Ground Level
Pool: In Ground
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Contact Call Center, ShowingTime
Special Sale Provisions: None
Swimming Pool: Yes
Units: 4
Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RMF4
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Contact an agent to learn more about
3509 Norwood Court , Sarasota, FL 34234.
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Estimated Payment
$ 3,389.90 per month $2,697.93 Principal & Interest $458.67 Property Tax $233.30 Homeowner's InsuranceChange Payment Information
About this area
About Sarasota
Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.”