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5331 Olive Avenue

SARASOTA, FL 34231

– beds
– baths
1,311 sqft
8,560 sqft lot
$286 per sqft
1967 build
– on site

More homes

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!

Listing courtesy of STELLAR_MLS / ALLISON JAMES ESTATES & HOMES

Last checked: Checking… • Last updated Oct 28, 2024 •

MLS# A4512580 —

The Building

Year Built:

1967
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Metal
Foundation Details:

Slab
# of Buildings:

1
Building Area Total:

2096
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Terrazzo
Fireplace:

false

Room Dimensions

Living Area:

1311
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From Clark Road drive North on Swift Road (or from Proctor Road drive South on Swift Road), head East on Ashton Road and turn right (South) on Olive Avenue. Property is on your left.
Latitude:

27.275551
Longitude:

-82.506493
Coordinates:

-82.506493, 27.275551

The Property

Parcel Number:

0088030012
Property Type:

Residential Income
Property Subtype:

Duplex
Property Attached:

true
Lot Size Acres:

0.2
Lot Size Area:

8560
Lot Size SqFt:

8560
Lot Size Dimensions:

80 x 107
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

RSF3
View:

false
Exterior Features:

Hurricane Shutters
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

X
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2020
Tax Lot:

10
Tax Legal Description:

LOT 10 SUN HAVEN UNIT 5 OR 641-214
Tax Book Number:

16-19
Tax Annual Amount:

2770.96

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Gulf Gate Elementary
Middle Or Junior School:

Brookside Middle
High School:

Riverview High

The Community

Subdivision Name:

SUN HAVEN
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

true
Carport Spaces:

2
Covered Spaces:

2

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

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Max Internet Speed

XFINITY from Comcast

Provided by BroadbandNow®

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Sale history

Date	Event	Source	Price	% Change
12/7/21 Dec 7, 2021	Sold	STELLAR_MLS	$375,000
11/21/21 Nov 21, 2021	Pending	STELLAR_MLS	$375,000	357.9% (33.0% / YR)
1/12/11 Jan 12, 2011		STELLAR_MLS	$81,900

Multifamily Sold on 12/7/2021

$375,000

Listing provided by broker:

Julie Chambers

ALLISON JAMES ESTATES & HOMES

Newest listings in Gulf Gate Estates, FL

Similar sold homes

Listing Courtesy of: STELLAR_MLS and ALLISON JAMES ESTATES & HOMES.

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.

5331 Olive Avenue

SARASOTA, FL 34231