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Key Details
Sold Price $72,000
Property Type Condo
Sub Type Condo - Hotel
Listing Status Sold
Purchase Type For Sale
Square Footage 348 sqft
Price per Sqft $206
Subdivision Sarasota Cay Club Condo Or2078/2292
MLS Listing ID A4461732
Sold Date 07/29/20
Bedrooms 1
Full Baths 1
HOA Fees $395/mo
HOA Y/N Yes
Year Built 1959
Annual Tax Amount $630
Property Description
This is perhaps the best investment property on the market right now, NETTING over 20K last year. This is a privately owned "hotel style" unit that is located within the Ramada Sarasota building. This unique property has been recently remodeled with fresh paint, new flooring, new appliances, and furniture. This unit was used strictly as a short term rental property and did over $26,000 in gross revenue last year. With no minimum rental restrictions this property is able to be rented out DAILY. The HOA covers ALL UTILITIES (Electric, Water, Internet, Cable, Exterior Maintenance) making your overhead expenses minimal and easy to budget. If your client is looking for a CASH COW look no further than this unique little property. Your client may also want to use this as a vacation home that can make them money when they are not using it. Live the RESORT LIFE! Amenities include a newly remodeled waterfront restaurant/tiki-bar on-site ("Tarpon Bay Grill and Tiki-Bar"), heated pool, beach volleyball, gym,community laundry and common areas. Head out in your boat for some great fishing or beach time, come back, have dinner and a drink at the waterfront tiki-bar/restaurant, take a dip in the waterfront pool and then go back to your beautifully remodeled unit to shower/relax/sleep and do it all over again!
Location
State FL
County Manatee
Community Sarasota Cay Club Condo Or2078/2292
Zoning WR/AI/PD
Interior
Interior Features Other
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace false
Appliance Microwave, Refrigerator
Exterior
Exterior Feature Lighting, Outdoor Grill, Sidewalk
Community Features Fitness Center, Sidewalks, Water Access
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Amenities Available Dock, Fitness Center, Maintenance, Pool, Security
Waterfront false
Water Access 1
Water Access Desc Canal - Saltwater
Roof Type Built-Up,Concrete
Garage false
Private Pool No
Building
Story 2
Entry Level One
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Pets Allowed No
HOA Fee Include Cable TV,Pool,Electricity,Escrow Reserves Fund,Insurance,Internet,Maintenance Structure,Maintenance Grounds,Management,Pest Control,Pool,Recreational Facilities,Sewer,Trash,Water
Senior Community No
Ownership Fee Simple
Monthly Total Fees $395
Acceptable Financing Cash
Membership Fee Required Required
Listing Terms Cash
Special Listing Condition None
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Bought with MICHAEL SAUNDERS & COMPANY
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