4001 GROVELAND AVENUE, SARASOTA, FL 34231

Description of 4001 GROVELAND AVENUE, SARASOTA, FL 34231

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.

Property Details for 4001 GROVELAND AVENUE, SARASOTA, FL 34231

Interior Features

Ceiling Fan(s), Eating Space In Kitchen, Kitchen/Family Room Combo, 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

Flooring

Ceramic Tile

Heating

Central, Electric

Cooling

Central Air

Furnished

Turnkey

Pool Features

Heated, In Ground

Pool Private

Yes

Building Information for 4001 GROVELAND AVENUE, SARASOTA, FL 34231

Building Area Total

4579

Building Area Units

Square Feet

Association

No

Security Features

Smoke Detector(s)

Property Information for 4001 GROVELAND AVENUE, SARASOTA, FL 34231

Lot Features

In County

Lot Size Square Feet

25,830

Waterfront

No

View

Pool

Construction Materials

Stucco

Roof

Shingle

Exterior Features

Lighting, Rain Gutters, Sidewalk

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 4001 GROVELAND AVENUE, SARASOTA, FL 34231

Parcel Number

0072030032

Tax Annual Amount

$13,014

Tax Year

2025

Tax 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

Zoning

RMF2

County Or Parish

Sarasota

Schools Near 4001 GROVELAND AVENUE, SARASOTA, FL 34231

Elementary School

Wilkinson Elementary

Middle School

Brookside Middle

High School

Riverview High

School assignments are provided by the listing and should be independently verified.

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