161 GOLDEN GATE POINT, SARASOTA, FL 34236
PENDING (?)
$899,997
Residential Lots Taxes: $10,070.00 Type: Residential Listed on 01/16/2018 MLS # A4206985

Description of 161 GOLDEN GATE POINT, SARASOTA, FL 34236

A Golden opportunity on Golden Gate Point. A 2 story cement block four plex which has been in the same family since the 1950s. Four 1 bedroom 1 bath central air conditioned units, separately metered, approximately 700 sq ft per unit and each one comes with a semi enclosed garage or carport and private storage space. The upstairs units have carpeting, one downstairs unit has tile and a newer open kitchen and updated bathroom. The other downstairs unit has wood look laminate floors. Basically all units have the same floor plan and newer windows, but not impact. This property can be re-developed as allowed by current zoning, to a 4-unit, 4-story structure with a maximum height of 90 feet. Each unit could be 2,500' to 3,000' with private parking. Sarasota Zoning Code - Sec. VI-305 for the Alternative Lot Size, Building Setbacks/Coverage for GGP is attached. Tremendous potential in an outstanding location! Or use current units as 8 day or seasonal rentals for maximum income.

Directions to 161 GOLDEN GATE POINT, SARASOTA, FL 34236

From downtown, Ringling to left on Golden Gate Point before Ringling Bridge, then right at stop sign and first building on left.

Features of 161 GOLDEN GATE POINT, SARASOTA, FL 34236

Schools

  • Elementary school: Southside Elementary
  • High school: Sarasota High
  • Middle school: Sarasota Middle

Lot

  • Frontage: 60
  • Improvement: sidewalks
  • Lot acreage is: 0.17
  • Lot dimension is: 60x120
  • Lot zoned: RMF5
  • Present use: Multi-Family
  • Subdivision: GOLDEN GATE POINT

Interior

  • Cable television available

Utilities

  • Sewer

Other

  • Community laundry
  • Pets allowed
  • Tax year: 2017

Mortgage Payments for 161 GOLDEN GATE POINT, SARASOTA, FL 34236

The approximate monthly Principal & Interest payment for this property would be $4,963. This payment is based on a 30-year loan at a fixed rate of 4.54 % with a down payment of $90,000. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.