Blue Realty

1700-1704 REDWOOD STREET

SARASOTA , FL 34231

MLS#: A4597802

$2,450,000

Status: Closed
Listing number: A4597802
Listing provided by: THE MULTIFAMILY FIRM LLC
Listing agent phone: None
Last update: 1 year, 8 months ago
On site: 1 year, 9 months ago
Browse Properties
0000 - NOT PART OF A SUBDIVISION - Residential Income

Property

Beds

12

Full Baths

None

1/2 Baths

None

Year Built

2002

Sq.Footage

7,211

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!

Features & Amenities

Interior

  • Other Interior Features

    High Ceilings

  • Total Bedrooms

    12

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    5

  • Construction Materials

    Block, Concrete, Stucco

  • Other Exterior Features

    Balcony, Courtyard

  • Parking

    Driveway, Off Street, Attached

  • Patio and Porch Features

    Enclosed, Front Porch, Screened

  • Pool

    Yes

  • Pool Features

    In Ground, Private

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.35

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $2,450,000

  • Tax Amount

    14597.0

  • Zoning

    RMF4

  • Sq. Footage

    7, 211

  • Price/SqFt

    $339

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

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Location

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Sarasota

Elementary School

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Listing Courtesy of Kyle Keelan , THE MULTIFAMILY FIRM LLC

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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!

1700-1704 REDWOOD STREET

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