1700-1704 Redwood St., Sarasota, FL 34231

1700-1704 Redwood St., Sarasota, FL 34231
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$1,900,000
Sold on 3/29/24
Beds Baths Sq. Ft. Taxes Built
12 0.00 7,211 $14,597 2002
On the market: 59 days
View full details, photos, school info, and price history
The "Siesta Gateway Estates" is a rare 2002 masonry construction apartment complex, with 5 garages, positioned just before the South Bridge access to Siesta Key. The property is located within minutes of public beach access connected to Siesta Beach, only 450 feet from the 24-acre “Siesta Promenade” development, and "West of the Trail" (West of Route 41/Tamiami Trl). Each floor in each building contains 1,484 SF of living area and a total of 3 Bedrooms & 3 Bathrooms. However, the property was uniquely built with connecting doors on each floor, providing the rare flexibility to transform the floorplan with opening & closing the adjoining door. Closed, it becomes 2 units, consisting of a large 2 Bedroom / 2 Bathroom unit and a 1 Bedroom / 1 Bathroom unit. Opened, the floorplan converts into a huge 3 Bedroom / 3 Bathroom Unit! The property currently operates with the connecting doors closed, equating to 2 units per floor or 4 units per building, for a total of 8 units. The S.C. property appraiser site currently exhibits 2 units per building, for a total of 4 units, however, all existing tenants have month to month lease terms! View property "Offering Memorandum" for full details!
Listing courtesy of Kyle Keelan & Phil Ginexi, THE MULTIFAMILY FIRM LLC & THE MULTIFAMILY FIRM LLC