145 Cleveland Dr, Sarasota

$1,095,000

5 Beds
4 Baths
2,515 Sqft
.14 Acres
0 Garages

Make this 4-unit investment property on Lido Key your home! Live in the 2-bedroom Owner’s Suite while paying your expenses through income generated from the (3) other 1-bedroom units on site. Annual or vacation rentals – all is possible in this desirable location on Lido Beach! Island Dreams Vacation Rentals has been in operation since 2012, with many satisfied repeat guests and season 2020 bookings solidly in place. The new owner can enjoy guaranteed income while establishing themselves in the vacation rental market, by simply taking over the infrastructure already in place - with an opportunity to increase rental returns. The trade name Island Dreams Vacation Rentals and valuable reviews from a 3rd party listing site can transfer to the new owner. This is a no brainer for immediate cash flow on highly desirable Lido Key! Excellent location right in the heart of Lido Key (the closest island to downtown Sarasota!) - steps to the beach and easy walking distance to both St. Armand’s Circle and south Lido park (with its popular kayaking and SUP operators). This property offers 4 rental units in 2 buildings: (1) 2-BR Suite, as well as (3) unique one-BR apartments. The rear building is one of the first structures built on the island (1937), with charming pecky cypress ceilings, pine floors, and stone fireplace – own a slice of Sarasota history! Sale includes all furnishings, décor, kitchen supplies, linens, beach supplies. Laundry on-site with plenty of parking for your guests (each unit can park 2 cars )

Essential Information
MLS® #A4448911
Price$1,095,000
Bedrooms5
Bathrooms4.00
Full Baths4
Square Footage2,515
Acres0.14
Year Built1968
TypeResidential
Sub-TypeSingle Family Home
StatusActive
Price Per Sqft$435
Community Information
Address145 Cleveland Dr
AreaSarasota
SubdivisionLido Beach Div B
CitySarasota
CountySarasota County
StateFL
Zip Code34236
Pet Restrictions YNY
Pets Allowed YNY
Minimum Lease1 Week
Amenities
Water AccessBeach - Public
Utilities

Cable Available, Cable Connected, Electricity Connected

View

Flood Zone, In City Limits, Near Public Transit, Street Paved

Interior
InteriorTile, Wood
FireplaceYes
FireplacesWood Burning
# of Stories2
StoriesTwo Story
Master Bed Size12x10
Interior Features

Cathedral Ceiling(s), Ceiling Fans(s)

Appliances

Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer

Heating

Central, Wall Units / Window Unit

Cooling

Central Air, Wall/Window Unit(s)

Exterior
ExteriorBlock, Stucco, Wood Frame
Exterior FeaturesFenced, Lighting
Lot DescriptionUp to 10,889 Sq. Ft.
WindowsBlinds, Window Treatments
RoofMetal, Shingle
FoundationCrawlspace, Slab
Room Dimensions
Bedroom 210x10
Living Room18x18
Kitchen7x12
Master Bedroom12x10
School Information
ElementarySouthside
MiddleBooker Middle
HighBooker
Additional Information
Days on Market34
ZoningRMF2
Normal SaleYes
Costs
Taxes$10,069
Tax Year2018

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on November 19th, 2019 at 4:31pm EST.