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407 Ohio Place

Sarasota, FL 34236

5 beds
3 baths
1,826 sqft
9,281 sqft lot
$654 per sqft
1940 build
– on site

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!

Listing courtesy of STELLAR_MLS / COLDWELL BANKER REALTY

Last checked: Checking… • Last updated Oct 14, 2024 •

MLS# A4619451 —

The Building

Year Built:

1940
New Construction:

false
Construction Materials:

Block
Levels:

One
Common Walls:

Corner Unit
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Blinds
Patio And Porch Features:

Covered
# of Buildings:

2
Building Area Total:

2729
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Fireplace:

false

Room Dimensions

Living Area:

1826
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From Ringling Blvd, head South on Osprey to West on Oak Street. Go north on Ohio Place to address
Latitude:

27.332984
Longitude:

-82.535028
Coordinates:

-82.535028, 27.332984

The Property

Parcel Number:

2027100106
Property Type:

Residential Income
Property Subtype:

Triplex
Property Condition:

Completed
Lot Features:

Corner Lot
Lot Size Acres:

0.21
Lot Size Area:

9281
Lot Size SqFt:

9281
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

RSM9
View:

Garden
View:

true
Exterior Features:

Fenced
Water Source:

Public
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X
Flood Zone Panel:

12115C0133F
Additional Parcels:

false
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

6
Tax Block:

B
Tax Legal Description:

LOT 6 & N 1/2 OF LOT 7 & ELY 8 FT OF S 1/2 OF LOT 7 & ELY 8 FT OF LOT 8 BLK B RHODES & HALE SUB
Tax Book Number:

1-87
Tax Annual Amount:

11173

Beds

Bedrooms Total:

5

Baths

Total Baths:

3

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/A4619451
Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Common Area

Schools

Elementary School:

Southside Elementary
Middle Or Junior School:

Booker Middle
High School:

Sarasota High

The Community

Subdivision Name:

RHODES & HALE SUB
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Cats OK
# of Pets:

10+
Association:

true
Association Fee Requirement:

Optional
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/28/24 Aug 28, 2024	Price Changed	STELLAR_MLS	$1,195,000	-2.4%
8/12/24 Aug 12, 2024	Listed / Active	STELLAR_MLS	$1,225,000	285.2% (18.0% / YR)
10/23/08 Oct 23, 2008		STELLAR_MLS	$318,000

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This multifamily located in Laurel Park, Sarasota, FL 34236 is currently for sale for $1,195,000. 407 Ohio Place is a 1,826 square foot multifamily with 5 beds and 3 baths that has been on Estately for 132 days. 407 Ohio Place is in the Laurel Park neighborhood of Sarasota and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Southside Elementary School, Sarasota High School, and Booker Middle School.

Listing Courtesy of: STELLAR_MLS and COLDWELL BANKER REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.