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5306 5312 S Lockwood Ridge Road

SARASOTA, FL 34231

– beds
– baths
4,975 sqft
~1 acre lot
$371 per sqft
1969 build
– on site

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Take advantage of this incredible and unique investment opportunity. Three adjacent duplexes and one single family home across the street are located just minutes from some of the best public schools in Sarasota and the beaches of Siesta Key. Both units in two of the duplexes are currently rented with the potential for increased rent. Third duplex being updated with potential rent per unit of $1,600 or greater. Fencing surrounds all three yards creating one amazing backyard for all duplex units. Each unit has either a private garage or a carport (or screened-in carport) as well as additional parking. The single-family home is on an oversized 16,000 plus square foot lot and features newer roof and windows. With some basic updates it would make a great rental. There may also be potential to divide the single-family home lot. Neighborhood in transition with new-build estate properties as well as traditional single-family homes. Great investor opportunity, live in one and rent the others out or create a unique multi-generational situation. Lots of options here particularly with the hot rental market. Price may increase as more improvements are made.

Listing courtesy of STELLAR_MLS / PREMIER SOTHEBYS INTL REALTY

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

MLS# A4507885 —

The Building

Year Built:

1969
New Construction:

false
Construction Materials:

Block
Roof:

Metal
Foundation Details:

Slab
# of Buildings:

3
Building Area Total:

7092
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Fireplace:

false

Room Dimensions

Living Area:

4975
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Clark Rd to Lockwood Ridge Rd then left on Ashton Rd. Duplexes are the last three on the left at Lockwood Ridge and Ashton Rd.
Latitude:

27.27621
Longitude:

-82.506158
Coordinates:

-82.506158, 27.27621

The Property

Parcel Number:

0088030006
Property Type:

Residential Income
Property Subtype:

Duplex
Property Condition:

Completed
Lot Features:

In County
Lot Size Acres:

1.25
Lot Size Area:

1.0251
Lot Size SqFt:

44652
Lot Size Units:

Acres
Total Acres:

1/2 to less than 1
Zoning:

RSF3
View:

false
Exterior Features:

French Doors
Water Source:

Public
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X
Flood Zone Panel:

12115C0144F
Additional Parcels:

true
Additional Parcels Description:

0088030005, 0088030007, 0087140012
Homestead:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2020
Tax Lot:

2
Tax Legal Description:

LOT 2 SUN HAVEN UNIT 5 - 0088030006, LOT 3 SUN HAVEN UNIT 5 - 0088030005, LOT 1 SUNHAVEN UNIT 5 - 0088030007, 0087140012
Tax Book Number:

16-19
Tax Annual Amount:

10207

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Gulf Gate Elementary
Middle Or Junior School:

Sarasota Middle
High School:

Riverview High

The Community

Subdivision Name:

SUN HAVEN
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

2
Carport:

true
Carport Spaces:

4
Covered Spaces:

6
Parking Features:

Garage Door Opener

Extra Units

# of Units Total:

7

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

XFINITY from Comcast

Provided by BroadbandNow®

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Sale history

Date	Event	Source	Price	% Change
2/1/22 Feb 1, 2022	Sold	STELLAR_MLS	$1,850,000	-2.4%
12/22/21 Dec 22, 2021	Pending	STELLAR_MLS	$1,895,000
11/22/21 Nov 22, 2021	Price Changed	STELLAR_MLS	$1,895,000	27.2%

Multifamily Sold on 2/1/2022

$1,850,000

Listing provided by broker:

Joel Schemmel

PREMIER SOTHEBYS INTL REALTY

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Listing Courtesy of: STELLAR_MLS and PREMIER SOTHEBYS INTL 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.

5306 5312 S Lockwood Ridge Road

SARASOTA, FL 34231