$1,500,000
4001 Groveland Avenue Sarasota, FL 34231
For Sale MLS# A4691652
10 beds 5 baths 4,291 sq ft Multi-family
Details for 4001 Groveland Avenue
MLS# A4691652
Description for 4001 Groveland Avenue, Sarasota, FL, 34231
LOCATION LOCATION LOCATION! Sarasota's hottest zip code is Presenting a strong multifamily investment opportunity just minutes from Siesta Key, this 5-unit hotel/ motel property offers current income, flexible rental options, and long-term upside in one of Sarasota’s most desirable rental markets. Located in a non-flood zone approximately 4 miles from Siesta Key Beach, the property is well positioned for long-term tenants, seasonal rentals, or potential short-term rental strategies. The building includes five 2-bedroom, 1-bath units, each offering broad tenant appeal and turnkey convenience. Long-term tenants are currently in place, while the property has the availability to hold a motel/hotel license, creating additional flexibility for future ownership and rental operations. Investor-friendly features include individually metered utilities, public water and sewer, paved parking, no required flood insurance, and reported general liability insurance of approximately $460. Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, updated bathrooms, major plumbing replacement completed in 2009 and 2010, roof replacement in 2014, blown-in roof insulation. The property also offers private amenities that help set it apart from typical multifamily options, including a heated and cooled swimming pool, screened patio room, and tropical outdoor space designed to enhance tenant or guest enjoyment. With current income, multiple rental strategy options, turnkey units, and a prime Sarasota location near Siesta Key, this property is a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation potential. Schedule your private showing today.
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 10
Bathrooms: 5
Lot Size: 0.59 Acres
Square Feet: 4,291 sq ft
Year Built: 1974
Construction: Stucco
Subdivision: Grove Park
Foundation: Slab
County: Sarasota
School Information
Elementary: Wilkinson Elementary
Middle: Brookside Middle
High: Riverview High
Additonal Room Information
Laundry: Inside, Laundry Closet
Interior Features
Appliances: Range Hood, Microwave, Washer, Dishwasher, Dryer, Range, Refrigerator
Flooring: Ceramic Tile
Additional Interior Features: Eat-In Kitchen, Ceiling Fan(s), Main Level Primary, Kitchen/Family Room Combo, Walk-In Closet(s), Open Floorplan, Solid Surface Counters, Wood Cabinets, Split Bedrooms, Living/Dining Room, Built-in Features
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Connected,High Speed Internet Available,Municipal Utilities,Sewer Connected,Water Connected
Cooling: Ceiling Fan(s), Central Air
Heating: Electric, Central
Exterior / Lot Features
Roof: Shingle
Pool: Heated, In Ground
Lot View: Pool
Additional Exterior/Lot Features: Lighting, Rain Gutters, Screened, Covered, Patio, Porch, Outside City Limits
Community Features
Community Features: Sidewalks
Security Features: Smoke Detector(s)
Unit Information
Unit 1 Units Total: 5
Unit 1 Actual Rent: 1900
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Driving Directions
From I-75 take exit 207 heading west on Bee Ridge Rd, then turn left onto Groveland Ave. The Units will be on the left.
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity
Gross Income: 145000
Tax/Property ID: 0072030032
Tax Amount: 13013.97
Tax Year: 2025
A broker reciprocity listing courtesy: RE/MAX ALLIANCE GROUP
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 4001 Groveland Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 4001 Groveland Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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