$375,000
$375,000
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5331 OLIVE AVE Sarasota, FL 34231
1,311 SqFt
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,311 sqft
Price per Sqft $286
Subdivision Sun Haven
MLS Listing ID A4512580
Sold Date 12/07/21
HOA Y/N No
Year Built 1967
Annual Tax Amount $2,770
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 80x107
Property Description
This updated, concrete block duplex in a desirable Sarasota location is a breeze to own and operate. 2 bedroom/1 bath on one side (5331) with a 1/1 on the other (5333). Both units are easily rented with renovated kitchens and baths, carports, private screened porches and their own utility/storage rooms with W/D hookups. Located on a quiet block of mainly single-family homes - just 3 miles to Siesta Key and under 15 minutes to downtown Sarasota, and surrounded by great restaurants and shops in Gulf Gate and along Clark Road - there is tremendous upside potential in this property. The new owner can continue operating as annual rentals (while increasing rents to market rate), live in one side and rent the other or transition into short-term rentals. The property was connected to sewer in 2018 and all capacity and connection fees have been paid. Other updates include: new electric panels in 2011, new metal roof in 2013, all new windows and front doors in 2015, rear patio pavers and hurricane shutters in 2020 along with a full drain line replacement in 2020 for 5333 (the previous owners replaced interior water lines throughout the property). Additionally, a home warranty is provided. Just kick back and enjoy the updates and ease of maintenance of your new investment property!
Location
State FL
County Sarasota
Community Sun Haven
Zoning RSF3
Interior
Interior Features Ceiling Fans(s), Solid Wood Cabinets, Window Treatments
Heating Electric, Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Terrazzo, Tile
Fireplace false
Appliance Dishwasher, Disposal, Microwave, Range, Range Hood, Refrigerator
Exterior
Exterior Feature Hurricane Shutters, Lighting
Utilities Available Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Waterfront false
Roof Type Metal
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Gulf Gate Elementary
Middle Schools Brookside Middle
High Schools Riverview High
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with KELLER WILLIAMS CLASSIC GROUP