Sarasota, FL 34231,1700-1704 REDWOOD ST
Sarasota, FL 34231,1700-1704 REDWOOD ST
Sarasota, FL 34231,1700-1704 REDWOOD ST
Sarasota, FL 34231,1700-1704 REDWOOD ST
Sarasota, FL 34231,1700-1704 REDWOOD ST
Sarasota, FL 34231,1700-1704 REDWOOD ST
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$1,900,000

$2,450,000

22.4%
Est.Price: ?

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Est. payment /mo

12 Beds

12 Baths

7,211 SqFt


SOLD DATE : 03/29/2024

Key Details

Sold Price $1,900,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,211 sqft

Price per Sqft $263

Subdivision 0000 - Not Part Of A Subdivision

MLS Listing ID A4597802

Sold Date 03/29/24

Bedrooms 12

HOA Y/N No

Originating Board Stellar MLS

Year Built 2002

Annual Tax Amount $14,597

Lot Size 0.350 Acres

Acres 0.35

Property Description

The "Siesta Gateway Estates" is a rare 2002 masonry construction apartment complex, with 5 garages, positioned just before the South Bridge access to Siesta Key. The property is located within minutes of public beach access connected to Siesta Beach, only 450 feet from the 24-acre “Siesta Promenade” development, and "West of the Trail" (West of Route 41/Tamiami Trl). Each floor in each building contains 1,484 SF of living area and a total of 3 Bedrooms & 3 Bathrooms. However, the property was uniquely built with connecting doors on each floor, providing the rare flexibility to transform the floorplan with opening & closing the adjoining door. Closed, it becomes 2 units, consisting of a large 2 Bedroom / 2 Bathroom unit and a 1 Bedroom / 1 Bathroom unit. Opened, the floorplan converts into a huge 3 Bedroom / 3 Bathroom Unit! The property currently operates with the connecting doors closed, equating to 2 units per floor or 4 units per building, for a total of 8 units. The S.C. property appraiser site currently exhibits 2 units per building, for a total of 4 units, however, all existing tenants have month to month lease terms! View property "Offering Memorandum" for full details!

Location

State FL

County Sarasota

Community 0000 - Not Part Of A Subdivision

Zoning RMF4

Interior

Interior Features Ceiling Fans(s), High Ceilings

Heating Central

Cooling Central Air

Furnishings Unfurnished

Fireplace false

Laundry Inside, Other

Exterior

Exterior Feature Balcony, Courtyard, Sliding Doors

Parking Features Driveway, Off Street

Garage Spaces 5.0

Pool Deck, In Ground

Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected

Roof Type Shingle

Porch Enclosed, Front Porch, Screened

Attached Garage true

Garage true

Private Pool Yes

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

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Stellar MLS
Listed by THE MULTIFAMILY FIRM LLC
Bought with THE MULTIFAMILY FIRM LLC
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