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$3,000,000
144 Days Online

3812 Butler Avenue
Sarasota, FL 34234

For Sale|Commercial|Pending
0
Beds
0
Full Baths
0
Partial Baths
16,224
SqFt
$185
/SqFt
1964
Built
Subdivision:
Newtown Farms
County:
Sarasota

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941-373-5880
3812 Butler Avenue3812 Butler Avenue3812 Butler Avenue3812 Butler Avenue
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Under contract-accepting backup offers. Investors, come check out this one-of-a-kind diamond in the rough 26-unit duplex community situated on 1.5 acre right in the middle of Sarasota! Each unit is approximately 624 sq. feet of living space. All units are 2 bedrooms, 1 bathroom and have been owned and managed by one family for the past forty-one years! Many tenants have been in their unit for 10 plus years so turnover is extremely low with occupancy rates in the 98-99 percent range yearly. Rents are currently well below market values by hundreds of dollars per month per unit. Leases are currently on a month-to-month basis so a new investor can renovate one unit at a time and increase rents. One unit is currently being renovated and has a waiting list of tenants for almost 40 percent more than current rental rates. Located very near shops, restaurants, bus lines, and I-75 highway. The extreme need for affordable housing in the Sarasota area makes this property a truly fantastic opportunity. With renovation of each unit, this community has huge upside income potential. ****Do not disturb tenants or walk the property without your agent present*** Owners are motivated so bring us your offers.

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Listing Snapshot
Price 
$3,000,000
Days Online 
144 Days
Bedrooms 
N/A
Inside Area (SqFt) 
16,224 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.5 Acres
Year Built 
1964
MLS® Number 
A4590943
Status 
Pending
Property Tax 
$20,785
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
3 months agoStatus changed to Pending
5 months agoListing first seen online
General Features
Construction 
Block
Parking 
CommonOver 30 Spaces
Sewer 
Public Sewer
Number of Stories 
1
Acreage 
1.5
Water 
Public
Property Sub Type 
Multi Family
Utilities 
Electricity AvailableWater Connected
Foundation 
BlockSlab
Zoning 
RMF2
Property Condition 
Fixer
Ownership 
Sole Proprietor
Parcel Number 
26160016
Interior Features
Cooling 
Wall/ Window Unit(s)
Heating 
Wall Units / Window Unit
Appliances 
Refrigerator
Flooring 
CarpetLinoleum
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Exterior Features
Roof 
Built- Up
Waterfront Property 
No
Road Frontage 
Other
Community Features
Township 
36S
MLS Area 
34234 - Sarasota
Listing courtesy of FINE PROPERTIES 941-782-0000



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-04-23 01:20 AM EDT

Neighborhood & Commute
Source: Walkscore
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