Address
5306-5312 S LOCKWOOD RIDGE ROAD Sarasota, FL
Price
$ 1,895,000
Property Attributes
  • MLS#A4507885
  • TypeIncome
  • CountySARASOTA
  • CitySarasota
  • AreaSarasota-Gulf Gate Branch
  • NeighborhoodSUN HAVEN
  • Zip34231
  • StyleDuplex
  • Year Built1969
  • Taxes$ 10207
  • Price$ 1,895,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage4975
  • Lot Size1.25 Acres
Listing Provided Courtesy Of:
PREMIER SOTHEBYS INTL REALTY
Data Source:
Stellar MLS
Property Description

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.

Elementary School Middle School High School
Gulf Gate Elementary Sarasota Middle Riverview High
Price History
8/3/2021 Listed $1,490,000

General Features

Additional Parcels Description 0088030005, 0088030007, 0087140012
Additional Parcels Y/N Yes
Appliances Dishwasher, Dryer, Range, Washer
Association Y/N No
Attached Garage Yes
Building Area Units Square Feet
Carport Spaces 4
Carport Y/N Yes
City SARASOTA
Construction Materials Block, Stucco
Cooling Central Air
County Sarasota
Days on Market 108
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.
Disclosures Seller Property Disclosure
Elementary School Gulf Gate Elementary
Exterior Features French Doors
Garage Spaces 2
Garage Y/N Yes
Heating Central, Electric
High School Riverview High
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat
Lot Size Square Feet 44652
MLS Area 34231 - Sarasota/Gulf Gate Branch
Middle/Junior High School Sarasota Middle
New Construction No
Ownership Fee Simple
Private Pool No
Property SubType Duplex
Property Type Residential Income
PropertyCondition Completed
Roof Metal, Shingle
Senior Community Y/N No
Sewer Public Sewer
Standard Status Active
Status Active
Street Name LOCKWOOD RIDGE
Subdivision Name SUN HAVEN
Tax Annual Amount 10207
Tax Lot 2
Tax Year 2020
Tenant Pays Electricity
Terms Cash
Total Number of Buildings 3
Total Units 7
Township 37
Unit Count 3
Utilities BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4507885
Water Access YN No
Year Built 1969
Zoning RSF3

Interior Features

Fireplace Y/N No
Flood Zone Code Zone X
Living Area 4975
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix ROAD

Exterior Features

Building Area Total 7092
Foundation Details Slab
Lot Features In County, Paved
Lot Size Acres 1.25
Number of Lots 3
Parking Features Garage Door Opener
Road Surface Type Asphalt
Spa No
Water Extras YN No
Water Source Public
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 34231

Price
AVG $1.9M
$1.9M
Taxes
AVG $10,207
$10,207
Visits
AVG 190
189
Year Built
AVG 1969
1969
Walkscore
AVG 36
36
Data Provided by Walkscore ® not using MLS data

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