3740 Gulf Of Mexico Drive Longboat Key, FL 34228

$1,125,000  
3,255 Sq.Ft. On Site: 9 Days
Built: 1950
Simply, it's Longboat Key's only 4-unit multi-family property. This direct waterfront rental has proven to be a true "hands off" money maker in the past, at one-time netting over $80000/yr in gross receipts. The HOA maintains the grounds, the roof, all insurances, and is fully funded. Literally no differed maintenance to the owner, ever! It can be rented annually, seasonally, and even monthly. Boat slips are available for around $30/month if you and/or your tenants have one needing a space. A brand new community pool is scheduled to open in January. Tons of social events, deed beach access across the street, and the ability to live in one and profit from the rest. Attract grade-A tenants with this one of a kind opportunity.
Status:Active
Property Type:Quadruplex
MLS #:A4420667
Year Built:1950
Sq. Feet:3255
On Site:9 Days
Lot Size:0.19 Acres

Detailed Maps

Community Information

Address:3740 Gulf Of Mexico Drive Longboat Key, FL 34228
County:Sarasota
Zip Code:34228

Architecture

Year Built:1950
Stories:1
Construction Type: Block, Stucco
Flooring Types: Concrete
Roof: Shake
Parking: Assigned, Guest, None

Features / Amenities

Total Sq. Ft.:3255
Interior Features: Other
Exterior Features: Other
Pool: Community
Patio / Porch: Deck, Patio, Porch
Air Conditioning: Wall/Window Unit(s)

Property Features

Lot Size: 0.19 Acres / 8111 Sq. Ft.
Lot Location / Description: Corner Lot, FloodZone, In County, Street Paved
Water Access: Bay/Harbor, Marina
Water Frontage: Bay/Harbor, Marina
Water View: Bay/Harbor - Partial
Waterfront Feet: 100
Water Name: Buttonwood Bayou
Water Extras: Dock - Slip Deeded Off-Site
View: Water
Flood Zone: AE
Features Utilities: Electricity Connected, Public
Sewer: Public Sewer
Water Source: Public
Zoning:R6MX
Directions:Take Gulf of Mexico Dr to Twin Shores, turn into community and drive all the way to rear of property. Villas are on the right of the marina

Tax and Financial Info

Financing Available: Cash
Taxes: 10569
Homestead: No
Realtor Info: Docs Available, Lease Restrictions, No Sign, Sold As-Is
Square Foot Source: Public Records
HOA Payment Schedule: Quarterly
HOA Fee: 5024.00
HOA / Community Association: Required
Pets Allowed: No

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Listing Information Last Updated 12/13/2018
Listing provided courtesy of Premier Sothebys Intl Realty.
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MFRMLS data last updated at December 13, 2018 5:16:54 AM PST.

Property Summary:

Home for sale at .

Description: The property at 3740 Gulf Of Mexico Drive Longboat Key, FL 34228 in the Twin Shores Mobile Home subdivision with the MLS# A4420667 is currently listed for $1,125,000 and has been on the market for 8 days.

GeoCoordinates:

27.38269
-82.63453

Listing Price: $1,125,000

You are viewing the MFRMLS listing details of the home for sale at 3740 Gulf Of Mexico Drive Longboat Key, FL 34228, which features 0 bedrooms and 0 bathrooms, and 3255 sq.ft. of living area.