Desirable apartment building with tenants in place. The property has lush low-maintenance landscaping with inviting common areas that have just been upgraded to include a new parking area. Close to restaurants, nightlife and grocery stores. One block to bayfront water. There are tennis courts and a park directly across the street Upgrades include a renovated unit, new roof, new mini split air conditioners, and a new commercial dryer. The units are bright and nicely appointed. Gross income is $61,100 and the net income is approximately $48,000. Great tenants in place. The Sarasota-Bradenton international airport is a 10-minute drive, 3.9 miles. Easy to see with 24-hour notice.
Sold for $836,000 on 04/10/23
$836,000
1116 Cocoanut Ave, Sarasota, FL 34236
3beds
2baths
2,013sqft
Quadruplex, Multi Family
Built in 1935
-- sqft lot
$846,600 Zestimate®
$415/sqft
$1,421 Estimated rent
Home value
$846,600
$711,000 - $1.02M
$1,421/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 10, 2023 at 01:20pm
Listing Provided by:
Robert Sherman 941-313-1301,
PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000
Bought with:
Robert Sherman, 3099603
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Source: Stellar MLS,MLS#: A4557567
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Central
Cooling
- Ductless
Appliances
- Included: Electric Water Heater, Range, Refrigerator
- Laundry: Inside, Laundry Room, Upper Level
Features
- Ceiling Fan(s), High Ceilings, Solid Wood Cabinets
- Flooring: Carpet, Laminate, Porcelain Tile, Hardwood
- Has fireplace: No
Interior area
- Total structure area: 2,013
- Total interior livable area: 2,013 sqft
Property
Parking
- Parking features: Common, Guest, Open
- Has uncovered spaces: Yes
Features
- Exterior features: Lighting, Rain Gutters, Sidewalk, Tennis Court(s)
- Fencing: Fenced
- Has view: Yes
- View description: Park/Greenbelt
Lot
- Size: 6,225 sqft
- Dimensions: 50 x 125
- Features: City Lot, Level, Near Public Transit, Sidewalk
Details
- Parcel number: 2025120083
- Zoning: RMF3
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Stucco, Wood Frame
- Foundation: Crawlspace
- Roof: Membrane
Condition
- Completed
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Community & neighborhood
Community
- Community features: Park, Sidewalks
Location
- Region: Sarasota
- Subdivision: BOULEVARD ADD TO SARASOTA
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 5850
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Paved, Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2024 | Listing removed | $789,000-5.6%$392/sqft |
Source:  Stellar MLS #A4511123 | ||
| 6/25/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 6/4/2024 | Listed for rent | $1,550+29.3%$1/sqft |
Source: Zillow Rentals | ||
| 12/18/2023 | Listing removed | -- |
Source: Stellar MLS #A4511123 | ||
| 4/10/2023 | Sold | $836,000-4.5%$415/sqft |
Source: Stellar MLS #A4557567 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $561,900 -8.3% |
| 2024 | $9,436 +16.9% | $613,000 +17.9% |
| 2023 | $8,075 -5.5% | $520,100 -5.6% |
Find assessor info on the county website
Neighborhood: Central Cocoanut
Nearby schools
GreatSchools rating
- 2/10Gocio Elementary SchoolGrades: PK-5Distance: 3 mi
- 5/10Booker Middle SchoolGrades: 6-8Distance: 1.9 mi
- 7/10Riverview High SchoolGrades: PK,9-12Distance: 4.8 mi
Schools provided by the listing agent
- Elementary: Bay Haven Sch of Basics Plus Elementary
- Middle: Booker Middle
- High: Booker High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$846,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$846,600