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3812 Butler Avenue, Sarasota, FL 34234
$3,000,000
3812 Butler Avenue, Sarasota, FL 34234View this property at 3812 Butler Avenue, Sarasota, FL 34234
3812 Butler AvenueSarasotaFL34234
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Property Description
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.
Full Property Details
Full Property Details for 3812 Butler Ave
General
- Sold For: $3,000,000
- Taxes: $20,785 (2022)
- Status: Closed
- Type: Commercial Multi-Family
- MLS ID: A4590943
- Added to Site: 172 day(s) ago
Interior
- Appliances: Refrigerator
- Flooring: Carpet, Linoleum
Parking
- Parking Features: Common, Over 30 Spaces
Location
- Area: 34234 - Sarasota
- County: Sarasota
- Development Name: 34234 - Sarasota
- Subdivision: NEWTOWN FARMS
- Driving Directions: Univeristy Parkway to 301. To Butler Ave. Turn right and head west. Complex will be on your right behind the gas station on the corner.
Community
- Community Name: 34234 - Sarasota
- Assoc. Name: Cindy Lockhart
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Public, Water Connected
Structural Information
- # Buildings: 13
- Exterior Const.: Block
- Roof: Built-Up
- Ceiling Type: Drywall
- Ceiling Height: 8 to 9 Feet
- Square Feet: 16,224
- Sq. Ft. Source: Public Records
- Living Area: 16,224 Sq. Ft.
- Year Built: 1964
Lot Features
- Lot Size (Acres): 1.5
- Lot Size (Sq. Ft.): 65,340
- Lot Size: 1.5
- Frontage: Other
- Street/Road Desc.: Gravel
Financial Considerations
- Tax Amount: $20,785.44
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Sole Proprietor
- Special Conditions: None
- Legal Description: LOT 44 LESS PARCEL IN SE COR FRONTING 80 FT ON BUTLER BY 100 FT DEEP NEWTOWN FARMS
- Flood Zone Info: X
- APN: 26160016
- Property ID: 26160016
Listed and Sold by Fine Properties
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Schools
Schools serving 3812 Butler Ave
School District:Sarasota County School District
Rating | Name | Grades | Distance |
---|---|---|---|
2863 8th St, Sarasota, FL 34237 | PK-5 | 2.1 mi | |
2250 Myrtle St, Sarasota, FL 34234 | 6-8 | 0.6 mi | |
3201 N Orange Ave, Sarasota, FL 34234 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3812 Butler Ave
Date
Details
Price
Change
Source
5/01/2024
Sold
$3,000,000
—
MLS
11/30/2023
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3812 Butler Avenue, Sarasota, FL 34234 (MLS# A4590943) is a Commercial Multi-Family property that was sold at $3,000,000 on May 01, 2024. Want to learn more about 3812 Butler Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.