#A4634200, Ryan Miller, Listing Office: HARRY ROBBINS ASSOC INC
407 Ohio Pl Sarasota, FL 34236
Property details
About 407 Ohio Pl
Welcome to a rare Triplex in the coveted Downtown Historic District of Laurel Park, Sarasota. This well-maintained triplex is an established Airbnb property with a proven rental record. It offers a turn-key solution for savvy investors or homeowners looking to capitalize on its steady income potential. The triplex has been beautifully renovated and maintained by the current owners. It features three charming units: all with their own private driveway. The two front units have two bedrooms and one bathroom each, and the rear unit has one bedroom and one bathroom. it uniquely has an address on Laurel Street as the flag lot has frontage on both Ohio Place and Laurel Street. Each unit includes a private rear patio with patio sets, off-street parking, and washers/dryers (with two units sharing a laundry area); another has a washer and dryer inside. Fully furnished and ready to continue as a successful vacation rental, as it has been, but could also be converted to long-term, this property promises a hassle-free transition with existing management and future bookings in place. With 2024 financials mirroring the success of 2023, this property promises steady income. This triplex has consistently achieved Airbnb Superhost status, attracting guests and generating reliable income year-round. The seller is eager to facilitate a smooth transfer, ensuring the new owner experiences the same benefits. In 2023, this property generated $111,599.17. January to June 2024 has been $74,084.36, which is almost identical to 2023's numbers. All of this will be available upon request to a qualified potential buyer, there are also some gaps in the methods of the owner... This is a hands-off investment for the current owner; with a little more effort, signage, and efforts to book repeat guests for the following year, I am sure that the income could be pushed higher. Nestled in the National Historic District of Laurel Park, this property offers easy access to Sarasota’s bayfront, restaurants, shopping, Selby Gardens, and vibrant arts and theater venues. Seize the opportunity to own this turn-key triplex in Laurel Park and start benefiting from proven Airbnb rental success, the upside potential to Sarasota's growth, and enjoy the continued growth of the best place residential neighborhood in Sarasota's Down Town area. Contact us today to explore this income-generating gem!
Highlights
Virtual tour
Summary
- MLS Number: A4619451
- MLS Name: MFRMLS
- Office Name: COLDWELL BANKER REALTY
- Office Phone: (941) 383-6411
- Listing Agent: Ryan Skrzypkowski
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Last updated on: 3/4/2025, 12:20:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,195,000
407 Ohio Pl
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 21, 2020 | Home Sold | $715,000 |
Oct 27, 2008 | Home Sold | $318,000 |
Jul 21, 2003 | Home Sold | $300,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $798,500 | $11,172 |
2022 | $865,200 | $11,119 |
2021 | $555,500 | $11,119 |
2020 | $571,700 | $8,953 |
2019 | $378,477 | $7,450 |
2018 | $344,070 | $7,036 |
2017 | $440,400 | $6,282 |
History based on county public records data.
Nearby schools
5
Alta Vista Elementary School
Public District PK-5
1.1 mi
•1050 S Euclid Ave
4
Tuttle Elementary School
Public District PK-5
1.6 mi
•2863 8th St
10
Southside Elementary School
Public District PK-5
1.7 mi
•1901 Webber St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,260. The majority of Sarasota, FL residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
Similar homes for sale
This home is located at 407 Ohio Pl in Sarasota, FL and zip code 34236 in the Laurel Park neighborhood. This 1,826 square foot home, which was built in 1940, sits on a 0.21 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $1,195,000.
Sarasota, FL housing market in February 2025 saw over 17 listings sold above listed price, more than 62 sold at listed price and over 258 sold below. In February 2025 in Sarasota, FL there were 10.1% more homes for sale than in January. The median list price of listings available in February 2025 was $510,555, while the average time on the real estate market was 72 days.