5306-5312 South Lockwood Ridge Road

Sarasota, FL 34231

$1,850,000
Last Sold Price
—
Beds
4,975 Sq. Ft.
$372 / Sq. Ft.
4,975
Sq. Ft.
$372
per Sq. Ft.

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.
  1. Listed by Joel Schemmel • PREMIER SOTHEBYS INTL REALTY

Property Details for 5306-5312 South Lockwood Ridge Road

Subdivision Name
SUN HAVEN
Township
37
Carport Spaces
4
Garage Spaces
2
Waterfront
No

Location

Listing Courtesy of PREMIER SOTHEBYS INTL REALTY, Joel Schemmel

Sold By SRQ PROPERTIES, Margaret Beshore

Add your commute
LISTING UPDATED: 02/01/2022 11:30 AM

Property Details for 5306-5312 South Lockwood Ridge Road

StatusSold
MLS #A4507885
Days on Market141
Taxes$10,207 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1969
Lot Size1.03 AC / 44,652 SF
CountySarasota County

Location

Listing Courtesy of PREMIER SOTHEBYS INTL REALTY, Joel Schemmel

Sold By SRQ PROPERTIES, Margaret Beshore

Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$851

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5306-5312 South Lockwood Ridge Road

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 7092.0
  • Building Area Units: Square Feet
  • Directions: Clark Rd to Lockwood Ridge Rd then left on Ashton Rd. Duplexes are the last three on the left at Lockwood Ridge and Ashton Rd.
  • Elementary School: Gulf Gate Elementary
  • Middle Or Junior School: Sarasota Middle
  • High School: Riverview High
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Sun Haven
  • SW Subdiv Condo Num: 1608
  • Unit Number: No
  • Street Number: 5306-5312
  • Street Direction Prefix: S
  • Street Name: LOCKWOOD RIDGE
  • Street Suffix: ROAD
  • State: FL
  • City: SARASOTA
Parking
  • Attached Garage: Yes
  • Carport: Yes
  • Garage: Yes
  • Parking Features: Garage Door Opener
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Book Number: 16-19
  • Tax Legal Description: LOT 2 SUN HAVEN UNIT 5 - 0088030006, LOT 3 SUN HAVEN UNIT 5 - 0088030005, LOT 1 SUNHAVEN UNIT 5 - 0088030007, 0087140012
  • Tax Lot: 2
  • Tax Year: 2020
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 0088030005, 0088030007, 0087140012
  • Additional Parcels: Yes
  • Lot Features: In County, Street Paved
  • Parcel Number: 0088030006
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 3
  • Water Access: No
  • Water Extras: No
  • Zoning: RSF3
  • Living Area: 4975
Property and Assessments
  • Year Built Numeric: 1969
  • Flood Zone Code: X
  • Flood Zone Date: 11-04-2016
  • Flood Zone Panel: 12115C0144F
  • Homestead: No
  • New Construction: No
  • Number Of Lots: 3
  • Property Condition: Completed
  • Public Survey Range: 18
  • Public Survey Section: 09
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: French Doors
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Metal, Shingle
  • Spa: No
  • Waterfront Feet Total: 0
Interior Features
  • Appliances: Dishwasher, Dryer, Range, Washer
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central, Electric
  • Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $15,000
  • Annual Net Income: $90,300.00
  • Unit Count: 3
Unit 1
  • Unit Type Garage Attached 1: Yes
  • Unit Type Garage Spaces 1: 2
  • Unit Type Heated Sq Ft 1: 1600
  • Unit Type Number Of Units Occupied 1: 0
  • Unit Type Pro Forma 1: 3000
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 2
Unit 2
  • Unit Type Garage Attached 2: Yes
  • Unit Type Heated Sq Ft 2: 1648
  • Unit Type Number Of Units Occupied 2: 2
  • Unit Type Pro Forma 2: 2425
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 2
Unit 3
  • Unit Type Garage Attached 3: Yes
  • Unit Type Heated Sq Ft 3: 1727
  • Unit Type Number Of Units Occupied 3: 2
  • Unit Type Pro Forma 3: 2100
  • Unit Type Type 3: 2 Bed/1 Bath
  • Unit Type Units Total 3: 2
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 5306-5312 South Lockwood Ridge Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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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 PREMIER SOTHEBYS INTL REALTY, Joel Schemmel

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