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For sale
  • $1,195,000

    407 Ohio Pl, Sarasota, FL 34236

    5beds
    3baths
    1,826sqft
    : 
    Triplex, Multi Family
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $654/sqft
    $-- HOA

    What's special

    Private rear patioOff-street parking
    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!
    268 days
    on Zillow
    |
    291
    |
    23
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 03, 2025 at 03:54am

    Listing Provided by:

    Ryan Skrzypkowski 941-328-8307,

    COLDWELL BANKER REALTY 941-383-6411

    Source: Stellar MLS,MLS#: A4619451MLS LogoOriginating MLS: Sarasota - Manatee

    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 407 Ohio Pl.

    Next available tour time:Today at 7pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Electric
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    • Laundry: Common Area, Laundry Room
    Features
    • Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
    • Doors: Sliding Doors
    • Windows: Blinds, Shades
    • Has fireplace: No
    • Common walls with other units/homes: Corner Unit
    Interior area
    • Total structure area: 2,729
    • Total interior livable area: 1,826 sqft
    Video & virtual tour

    Property

    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered
    • Exterior features: Lighting, Sidewalk, Storage
    • Fencing: Fenced
    • Has view: Yes
    • View description: Garden
    Lot
    • Size: 9,281 Square Feet
    • Features: Corner Lot, Flag Lot, Historic District, City Lot, Landscaped, Sidewalk
    Details
    • Parcel number: 2027100106
    • Zoning: RSM9
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Block, Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Completed
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: RHODES & HALE SUB
    HOA
    • Has HOA: Yes
    • Pet fee: $0 monthly
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $654/sqft
    • Tax assessed value: $894,100
    • Annual tax amount: $11,173
    • Date on market: 8/12/2024
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Lease term: >6 Months <12
    • Total actual rent: 9300
    • Electric utility on property: Yes
    • Road surface type: Paved
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