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$1,500,000

  • For Sale
  • Active
  • Multi-Family
  • 0.59 Acres
  • Updated 8 days ago
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LOCATION LOCATION LOCATION! Sarasota's hottest zip code is Presenting a strong multifamily investment opportunity just minutes from Siesta Key, this 5-unit hotel/ motel property offers current income, flexible rental options, and long-term upside in one of Sarasota's most desirable rental markets. Located in a non-flood zone approximately 4 miles from Siesta Key Beach, the property is well positioned for long-term tenants, seasonal rentals, or potential short-term rental strategies. The building includes five 2-bedroom, 1-bath units, each offering broad tenant appeal and turnkey convenience. Long-term tenants are currently in place, while the property has the availability to hold a motel/hotel license, creating additional flexibility for future ownership and rental operations. Investor-friendly features include individually metered utilities, public water and sewer, paved parking, no required flood insurance, and reported general liability insurance of approximately $460. Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, updated bathrooms, major plumbing replacement completed in 2009 and 2010, roof replacement in 2014, blown-in roof insulation. The property also offers private amenities that help set it apart from typical multifamily options, including a heated and cooled swimming pool, screened patio room, and tropical outdoor space designed to enhance tenant or guest enjoyment. With current income, multiple rental strategy options, turnkey units, and a prime Sarasota location near Siesta Key, this property is a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation potential. Schedule your private showing today.

Full Property Details for 4001 Groveland Ave

General

  • Price: $1,500,000
  • Taxes: $13,013 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4691652
  • Updated: 5/7/2026
  • Added to Site: 10 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Kitchen and Family Room Combination, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Furnishings: Turnkey
  • Flooring: Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: Inside, Laundry Closet

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Heated, In Ground
  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Lighting, Rain Gutters, Sidewalk
  • Deck/Patio: Covered, Patio, Porch, Screened
  • Porch/Patio/Deck: Covered, Patio, Porch, Screened

Location

  • Area: 34231 - Sarasota/Gulf Gate Branch
  • County: Sarasota
  • Development Name: 34231 - Sarasota/Gulf Gate Branch
  • Subdivision: GROVE PARK
  • Driving Directions: From I-75 take exit 207 heading west on Bee Ridge Rd, then turn left onto Groveland Ave. The Units will be on the left.

School Information

  • Elementary School: Wilkinson Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High

Community

  • Community Name: 34231 - Sarasota/Gulf Gate Branch

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Connected, Public, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Stucco
  • Roof: Shingle
  • Square Feet: 4,291
  • Sq. Ft. Source: Public Records
  • Year Built: 1974

Lot Features

  • Property View: Pool
  • Lot Size (Acres): 0.59
  • Lot Size (Sq. Ft.): 25,830
  • Lot Size: 25830
  • Frontage: Street Paved
  • Street/Road Desc.: Paved, Asphalt

Financial Considerations

  • Tax Amount: $13,013.97
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: TH N 1/2 OF LOT 31 ALL OF LOTS 32 & 33 & TH S 1/2 OF LOT 34 BLK A GROVE PARK SUB
  • Flood Zone Info: X
  • APN: 72030032
  • Property ID: 72030032
  • Block/Lot/Section: A

Listed by Re/Max Alliance Group

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Listing agents

— 4001 Groveland Ave —

  • Re/Max Alliance Group

  • Re/Max Alliance Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4001 Groveland Ave

School District:Sarasota County School District
NameGradesDistance
Wilkinson Elementary School
3400 Wilkinson Road, Sarasota, FL 34231
PK-50.7 mi
Riverview High School, Sarasota, FL
1 Ram Way, Sarasota, FL 34231
9-121.2 mi
Brookside Middle School
3636 South Shade Avenue, Sarasota, FL 34239
6-81 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4001 Groveland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/06/2026
Listed
$1,500,000
222.58%
MLS
6/29/2009
Sold
$465,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4001 Groveland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,051
-20%
$923,300
-2%
2024
$12,626
13%
$945,200
23%
2023
$11,177
13%
$770,500
23%
2022
$9,907
4%
$626,800
12%
2021
$9,506
—
$561,200
-4%
2021
$9,506
8%
$581,800
16%
2019
$8,838
11%
$500,456
10%
2018
$7,991
6%
$454,960
10%
2017
$7,515
—
$413,600
3%
2016
$7,514
3%
$401,800
7%
2015
$7,297
-3%
$374,900
4%
2014
$7,485
21%
$361,130
10%
2013
$6,192
—
$328,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Re/Max Alliance Group

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4001 Groveland Avenue, Sarasota, FL 34231 (MLS# A4691652) is a Multi-Family property with units containing 10 bedrooms and 0 full bathrooms. 4001 Groveland Avenue is currently listed for $1,500,000 and was received on May 06, 2026. Want to learn more about 4001 Groveland Avenue? Do you have questions about finding other 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.

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