Active
2164 8TH ST
SARASOTA FL, 34237
$878,000
$304.86 per sqft
Active
8 Beds
4 Baths
2,880 sqft
Multi-family
Built in 1973
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.
A4634438
MLSⓇ ID
January 6, 2025
Listed
January 7, 2025
Updated
Map
2164 8TH ST
SARASOTA FL, 34237
Interior Features
Bedrooms
8
Total Bathrooms
4
Interior Features
Other
Laundry Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.3 Acres
Exterior Features
Other
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
34237 - Sarasota
Taxes
$4,426
Tax Frequency
Annually
Days on Market
1
Association Fee Frequency
Monthly
Garage
No
View
No
County
Sarasota
Municipality
36S
Water Source
Public
Pool
No
Zoning
DTN
Listed by COASTAL CONNECTION REALTY
Listing Contact: 941-896-9991
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Data last updated 1/7/2025, 12:26 PM UTC
