161 Golden Gate Point
SARASOTA, FL 34236

Description

A Golden opportunity on Golden Gate Point. A 2 story cement block four plex which has been in the same family since the 1950s. Four 1 bedroom 1 bath central air conditioned units, separately metered, approximately 700 sq ft per unit and each one comes with a semi enclosed garage or carport and private storage space. The upstairs units have carpeting, one downstairs unit has tile and a newer open kitchen and updated bathroom. The other downstairs unit has wood look laminate floors. Basically all units have the same floor plan and newer windows, but not impact. this property can be re-developed as allowed by current zoning, to a 4-unit, 4-story structure with a maximum height of 50' over 15' garages (total height 65'). Each unit could be 2,500' to 3,000' with private parking. Sarasota Zoning Code - Sec. VI-305 for the Alternative Lot Size, Building Setbacks/Coverage for GGP is attached. Tremendous potential in an outstanding location! Or use current units as 8 day or seasonal rentals for maximum income.

Details

MLS#A4206981
Sub-TypeResale
StatusActive
Year1949
Days On Site130

Features

SQ Feet2,752
Units4
Building(s)1

Market Activity 34236

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Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 - Sarasota
Listing VS Median (in 34236)
Price:
$899,997
low | high
Med:
$519,500
92.277585369729% of Average
SqFt:
2,752
low | high
Med:
1,449
97.34738372093% of Average
$ / SqFt:
$327
low | high
Med:
$361
39.526720023139% of Average
On Site:
130
low | high
Med:
96.500000
100% of Average
Nearby Listings (Within 1/4 mile)
Price: $674K - $1.124M
SqFt: 2,000 - 3,000
Listing Updated: 05/24/2018
MLS Number: A4206981
Listing Provided By:
Gabriel Reed  of  Bright Realty

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