5306-5312 South Lockwood Ridge Road
5306-5312 South Lockwood Ridge Road
$1,850,000
—
4,975
4,975
$372
Sold 2/1/22
Description
Take advantage of this incredible and unique investment opportunity. Three adjacent duplexes and one single family home across the street are located just minutes from some of the best public schools in Sarasota and the beaches of Siesta Key. Both units in two of the duplexes are currently rented with the potential for increased rent. Third duplex being updated with potential rent per unit of $1,600 or greater. Fencing surrounds all three yards creating one amazing backyard for all duplex units....Take advantage of this incredible and unique investment opportunity. Three adjacent duplexes and one single family home across the street are located just minutes from some of the best public schools in Sarasota and the beaches of Siesta Key. Both units in two of the duplexes are currently rented with the potential for increased rent. Third duplex being updated with potential rent per unit of $1,600 or greater. Fencing surrounds all three yards creating one amazing backyard for all duplex units. Each unit has either a private garage or a carport (or screened-in carport) as well as additional parking. The single-family home is on an oversized 16,000 plus square foot lot and features newer roof and windows. With some basic updates it would make a great rental. There may also be potential to divide the single-family home lot. Neighborhood in transition with new-build estate properties as well as traditional single-family homes. Great investor opportunity, live in one and rent the others out or create a unique multi-generational situation. Lots of options here particularly with the hot rental market. Price may increase as more improvements are made.
- Listed by Joel Schemmel • PREMIER SOTHEBYS INTL REALTY
Property Details for 5306-5312 South Lockwood Ridge Road
Subdivision Name
SUN HAVEN
Township37
Carport Spaces4
Garage Spaces2
WaterfrontNo
Location
LISTING UPDATED: 02/01/2022 11:30 AM
Property Details for 5306-5312 South Lockwood Ridge Road
Status | Sold |
---|---|
MLS # | A4507885 |
Days on Market | 141 |
Taxes | $10,207 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1969 |
Lot Size | 1.03 AC / 44,652 SF |
County | Sarasota County |
Location
Building Information for 5306-5312 South Lockwood Ridge Road
Stories-Residences7Year Built1969Building Size-Lot Size1.03 AC / 44,652 SF
Payment Calculator
$10,947 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5306-5312 South Lockwood Ridge Road
Property History for 5306-5312 South Lockwood Ridge Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 5306-5312 South Lockwood Ridge Road
This home is within Sarasota.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 12 | |||
Public - | 6 to 8 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Gulf Gate Elementary School PublicPK to 5 | ||
Riverview High School PublicPK to 12 | ||
Brookside Middle School Public6 to 8 | ||
Sarasota Virtual Academy (Virtual Franchise) PublicK 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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