4001 GROVELAND AVE, Sarasota, FL 34231
4001 GROVELAND AVE, Sarasota, FL 34231
4001 GROVELAND AVE, Sarasota, FL 34231
4001 GROVELAND AVE, Sarasota, FL 34231
4001 GROVELAND AVE, Sarasota, FL 34231
4001 GROVELAND AVE, Sarasota, FL 34231
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Angie Gooden

Angie Gooden

LPT Realty, LLC

+1(843) 576-9551
$ 1,500,000
Est. payment | /mo

10 Beds

5 Baths

4,291 SqFt

Save Virtual Tour
$ 1,500,000
Est. payment | /mo
Save Virtual Tour

10 Beds

5 Baths

4,291 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,291 sqft

Price per Sqft $349

Subdivision Grove Park

MLS Listing ID A4691652

Bedrooms 10

HOA Y/N No

Year Built 1974

Annual Tax Amount $13,013

Lot Size 0.590 Acres

Acres 0.59

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

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.

Location

State FL

County Sarasota

Community Grove Park

Area 34231 - Sarasota/Gulf Gate Branch

Zoning RMF2

Interior

Interior Features Ceiling Fans(s), Eat-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)

Heating Central, Electric

Cooling Central Air

Flooring Ceramic Tile

Furnishings Turnkey

Fireplace false

Appliance Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer

Laundry Inside, Laundry Closet

Exterior

Exterior Feature Lighting, Rain Gutters, Sidewalk

Pool Heated, In Ground

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected

View Pool

Roof Type Shingle

Porch Covered, Patio, Porch, Screened

Garage false

Private Pool Yes

Building

Lot Description In County, Paved

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Schools

Elementary Schools Wilkinson Elementary

Middle Schools Brookside Middle

High Schools Riverview High

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4691652

Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Rachel Tritschler RE/MAX ALLIANCE GROUP

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4001 GROVELAND AVE

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Angie went above and beyond as my realtor. We toured multiple houses together, and she truly listened to my opinions and adjusted to my needs. As a first-time home-buyer, I was initially very hesitant about the whole process, but Angie’s made the entire process manageable by communicating timely and objectively. She ensured I had all the information needed to make an informed decision and provided her own research and expertise during negotiations. I loved going through this process with her. I felt safe knowing she was on my side and looking out for my best interests. I recently closed on the perfect dream house for my mom, and after multiple tours, deep research, and late-night texts, we made it happen! Thank you so much, Angie! You saw my vision, believed in me, and worked with me to make this dream a reality. I appreciate you always communicating, respecting my work schedule, and bringing your expertise to the table. I never felt judged, and you made the entire process so much less stressful. I am so glad to have worked with you. I 100% recommend you! <3

Yesenia De Rosas

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Angie Gooden

Agent

+1(843) 576-9551 | agoodenrealtor@gmail.com

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