431 North East Avenue

Sarasota, FL 34237

$950,000
Price
5
Beds
2,245 Sq. Ft.
$423 / Sq. Ft.
2,245
Sq. Ft.
$423
per Sq. Ft.

Description

Fully stabilized Triplex in downtown Sarasota, only 10 minutes to Lido Key Beach and 15 minutes to Siesta Key Beach. 1 - (3bed/2bath rented $3400), 1 - (2bed/1bath rented $2300), 1 - (Studio 0bed/1bath rented $1400). Building has just received $140,000 of capital improvements including brand new roof, windows, central HVACs, 3 separate water meters, 3 separate electric meters, paved driveways, fencing, tankless water heaters, and fully remodeled interiors with in-unit laundry. Tenants pay all of...Fully stabilized Triplex in downtown Sarasota, only 10 minutes to Lido Key Beach and 15 minutes to Siesta Key Beach. 1 - (3bed/2bath rented $3400), 1 - (2bed/1bath rented $2300), 1 - (Studio 0bed/1bath rented $1400). Building has just received $140,000 of capital improvements including brand new roof, windows, central HVACs, 3 separate water meters, 3 separate electric meters, paved driveways, fencing, tankless water heaters, and fully remodeled interiors with in-unit laundry. Tenants pay all of their own utilities.
  1. Listed by Frank Brito • MPGFL TAMPA LLC

Property Details for 431 North East Avenue

Subdivision Name
POS SUB OF LT 11 BLK N
Township
36
Waterfront
No

Location

Listing Courtesy of MPGFL TAMPA LLC, Frank Brito
Add your commute
LISTING UPDATED: 05/09/2024 06:50 AM

Property Details for 431 North East Avenue

StatusActive
MLS #T3525091
Days on Market16
Taxes$6,094 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1959
Lot Size0.29 AC / 12,472 SF
CountySarasota County

Location

Listing Courtesy of MPGFL TAMPA LLC, Frank Brito
Add your commute

Building Information for 431 North East Avenue

Stories-Residences3Year Built1959Building Size-Lot Size0.29 AC / 12,472 SF

Payment Calculator

$5,692 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$508

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 431 North East Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: North on 301 from 780. East on 5th St.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Gillespie Park Sub
  • Unit Number: No
  • Street Number: 431
  • Street Direction Prefix: N
  • Street Name: EAST
  • Street Suffix: AVENUE
  • State: FL
  • City: SARASOTA
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: N
  • Tax Book Number: 1-107
  • Tax Legal Description: LOTS 11 & 12 SUB OF LOT 11 BLK N PLAT OF SARASOTA
  • Tax Lot: 11
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 2028120076
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: DTN
  • Living Area: 2245
Property and Assessments
  • Year Built Numeric: 1959
  • Flood Zone Code: X
  • Flood Zone Date: 03-27-2024
  • Flood Zone Panel: 12115C0134G
  • New Construction: No
  • Public Survey Range: 18
  • Public Survey Section: 20
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected
  • Water Source: Public
  • Num Electric Meters: 3.0
  • Num Water Meters: 3.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Awning(s), Fenced, Sidewalk
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 5
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central, Electric
  • Interior Features: Open Floorplan
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Washer Hookup
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $55,380.00
  • Gross Income: $85,200
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 3
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 3400
  • Unit Type Type 1: 3 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Number Of Units Occupied 2: 1
  • Unit Type Pro Forma 2: 2300
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 0
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 1400
  • Unit Type Type 3: Studio
  • Unit Type Units Total 3: 1
Rental
Rental Information
  • Total Actual Rent: $7,100

Property History for 431 North East Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 431 North East Avenue

Taxable ValueLand$225,100Additions$160,100Total$385,200
Tax Record2023$6,094 ($508 / month)
Home Facts
Baths3Total Finished SqFt1,897 SqFtAbove Grade Finished SqFt1,897 SqFtStories1Lot Size12,472 SqFtStyleTriplexYear Built1959Year Renovated1989ZoningDTNCountySARASOTAAPN2028-12-0076

Schools near 431 North East Avenue

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Tuttle Elementary School
PublicPK to 5

Booker Middle School
Public6 to 8

Booker High School
Public9 to 12

Sarasota Military Academy
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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431 North East Avenue is a multi-family home for sale in Sarasota, FL 34237. This property was listed for sale on May 8, 2024 by MPGFL TAMPA LLC, it's currently listed at $950,000. This listing's school district is Sarasota. Nearby schools include Tuttle Elementary School, Booker Middle School and Booker High School. 431 North East Avenue is a 5-bed, 0-bath, 2,245 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MPGFL TAMPA LLC, Frank Brito

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.