4203 Locust Avenue
Sarasota, Florida 34234
MLS #A4174932

Multi-Family
  • 12units
$808,730
Est. P&I payment: $3088.8/mo
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Description for 4203 Locust Avenue, Sarasota, Florida 34234
Twelve (12) properties with 14 occupied dwellings on 33 lots are being sold collectively. Ten (10) properties are within Beverly Terrace and Beverly Terrace 2 - which borders on Lockwood Ridge between University and Fruitville Avenues. Two (2) properties are within 1/8 miles from Beverly Terrace. Plus a thirteenth (13) property will become available shortly. Beverly Terrace is centrally located just 5 miles (13 minutes) from the Mall at University Town Center and 4 miles (11 minutes) from downtown Sarasota. New homes, ranging in price from $140,000 to $240,000 are being constructed and resales are as high as $190,000. The properties being sold include 2 Multiple Single Family and 10 Single Family dwellings. The combined properties consist of 33 lots with 6 properties having 3 to 6 lots. The properties include... Myrtle - 3035 and 3051, two contiguous corner properties consisting of 7 lots, (pids#29140107 & 29140080); Henrietta - 3217 and 3305 A&B (Multiple Single Fam Dwelling, utilizing well-water and septic systems) - two contiguous properties, (pids#30060017 & 30060018); Locust - 4203, 4309 and 4217 - three contiguous properties consisting of 10 lots, (pids#29060075, 29140077 & 29140078); Locust - 4316 - Multiple Single Family Dwelling with 6 lots, (pid#28140063); Locust - 3900 and 3905 - diagonally across from one another with 4 lots, (pids#28140070 & 29140090; Plus - 3803 Walnut (pid#291400310), 3909 Brazilnut (pid#29140120).
MLS #A4174932
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My Notes for MLS #A4174932

General Features

  • Property Type: Income
  • Property Style: Five or More
  • Special Listing Type: Not Applicable
  • Special Sale Provision: None
  • Year Built: 1950
  • Total Num Buildings: 12
  • Total Units: 12

Exterior Features

  • Architectural Style: Bungalow,​Florida
  • Exterior Construction: Siding
  • Exterior Features: Mature Landscaping,​Other
  • Front Exposure: South
  • Roof: Shingle
  • Total Acreage: Non-Applicable
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 9,550
  • Lot Dimensions: 95.5X100XI5.5X100
  • Garage Carport: None
  • Garage Features: None
  • Pool: None

Interior Features

  • Additional Rooms: Foyer
  • Interior Layout: Eating Space In Kitchen
  • Sq Ft Heated: 944
  • Square Foot Source: Appraisal
  • Num 1 Bed 1 Bath: 3
  • Num 2 Bed 1 Bath: 8
  • Num 2 Bed 2 Bath: 1
  • Num 3 Bed 1 Bath: 1

Utility Features

  • Utilities: Cable Available,​County Water,​Public Utilities
  • Air Conditioning: Central
  • Heating and Fuel: Central

Financial Features

  • Taxes: 1,029
  • Tax Year: 2016
  • HOA Common Assn: None
  • Total Monthly Rent: 9,350
  • Annual Expenses: 44,867
  • Annual Gross Income: 99,437
  • Annual Net Income: 54,570
  • Avg Rent 1 Bed 1 Bath: 700
  • Avg Rent 2 Bed 1 Bath: 703
  • Avg Rent 2 Bed 2 Bath: 875
  • Avg Rent 3 Bed 1 Bath: 750
  • Lease Terms: Month To Month
  • Financial Source: Owner
  • Financing Available: Cash,​Conventional

Community Features

  • County: Sarasota
  • Township: 36
  • Legal Subdivision Name: BEVERLY TERRACE UNIT 2
  • Subdivision Num: 593
  • SW Subdiv Community Name: Beverly Terrace
  • Location: Close to Bus Line,​Corner Lot,​In County,​Lot - Oversized,​Room For Pool,​Street Paved
  • Housing For Older Persons: N/A

School Features

  • Elementary School: Gocio Elementary
  • Middle School: Booker Middle
  • High School: Booker High

Miscellaneous Features

  • Legal Description: Lots 25,​ 26,​ 27,​ and 28,​ Block 16,​ Beverly Terrace,​ Unit No.2,​ according to the plat thereof recorded in Plat Book 2,​ Page 126,​ of the Publc Records of Sarasota County,​ Florida.
  • Parcel Number: 29,060,075
  • Plat Book Page: 2/126
  • Additional Parcel YN: 1
  • Num of Additional Parcels: 11
  • Flood Zone Code: X
  • Pets Allowed YN: 1
  • Range: 18
  • Zoning: RSF3

Location

 
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Directions to 4203 Locust Avenue, Sarasota, Florida 34234
To Enter Beverly Terrance From Tamiami Trail or 301- go E on Fruitville turn N on Lockwood Ridge, go W on Myrtle From University - go South on Lockwood Ridge then go W on Myrtle. From Bee Ridge or Fruitville - go N on Lockwood Ridge then go W on Myrtle
The listing information for 4203 Locust Avenue, Sarasota, Florida 34234 was graciously provided by our friends at the listing brokerage, KELLER WILLIAMS CLASSIC GROUP

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P&I Payment $3088.8
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Realty Professionals of Florida's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Realty Professionals of Florida, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Listing data provided by MFRMLS (My Florida Regional MLS)
Last Updated 09/20/2017 at 1:00am
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