3740 Gulf Of Mexico Dr, Longboat Key

$1,125,000

0 Beds
0 Baths
3,255 Sqft
.19 Acres
0 Garages

Simply, it’s Longboat Key’s only 4-unit multi-family property. This direct waterfront rental has proven to be a true “hands off” money maker in the past, at one-time netting over $80000/yr in gross receipts. The HOA maintains the grounds, the roof, all insurances, and is fully funded. Literally no differed maintenance to the owner, ever! It can be rented annually, seasonally, and even monthly. Boat slips are available for around $30/month if you and/or your tenants have one needing a space. A brand new community pool is scheduled to open in January. Tons of social events, deed beach access across the street, and the ability to live in one and profit from the rest. Attract grade-A tenants with this one of a kind opportunity.

Essential Information
MLS® #A4420667
Price$1,125,000
Bathrooms0.00
Square Footage3,255
Acres0.19
Year Built1950
TypeIncome
Sub-TypeFour Units
StatusActive
Price Per Sqft$346
Community Information
Address3740 Gulf Of Mexico Dr
AreaLongboat Key
SubdivisionTwin Shores Mobile Home
CityLongboat Key
CountySarasota County
StateFL
Zip Code34228
Pet Restrictions YNY
Pets Allowed YNN
Community Features

Dock, Laundry Facility, Maintenance Free, Water Access, Pool

Amenities
UtilitiesElectricity Connected, Public
ParkingAssigned, Guest, None
GaragesUnder Building Parking
Is WaterfrontYes
WaterfrontBay/Harbor, Marina
Water AccessBay/Harbor, Marina
Water ExtrasDockOffSit
Water ViewBay/part
Features

Dock, Laundry Facility, Maintenance Free, Water Access, Pool

View

Corner Lot/Unit, Flood Zone, In County, Street Paved, Water View

Interior
InteriorConcrete
Interior FeaturesOther
AppliancesNone
HeatingNone
CoolingWall/Window Unit(s)
StoriesOne Story
Exterior
ExteriorBlock, Stucco
Exterior FeaturesOther
Lot DescriptionUp to 10,889 Sq. Ft.
RoofShake
Additional Information
Days on Market10
ZoningR6MX
Normal SaleYes
Costs
HOA Fee$5,024
HOA Payment ScheduleQuarterly
Taxes$10,569
Tax Year2018

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.

Listing data comes from My Florida Regional MLS.

Listing information last updated on December 16th, 2018 at 1:30pm EST.