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$999,000
Listing Price5beds
4baths
2,245sqft
12,472sqft lot
431 N East Ave, Sarasota, FL 34237
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Full foreclosure details
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Three renovated units, one corner parcel, four blocks from Main Street. A fully occupied Sarasota triplex producing $7,200 per month, or $86,400 annually, against a $999,000 asking price. That is an 8.65% gross yield and a basis of $333,000 per door.nnEvery unit has been rebuilt inside. Large-format marble-look porcelain tile runs wall to wall through all three, with no carpet anywhere in the building. Walls and ceilings are crisp white under flush-mount LED fixtures in every room. Kitchens carry light flat-panel cabinetry, and stainless appliances, with stacked laundry inside the unit rather than a shared machine down the hall. Bathrooms are white vanities, chrome fittings and framed mirrors over the same tile. The finish package is deliberately consistent across all three units, and that consistency is what makes it turnkey: one material palette, one maintenance standard, and no unit sitting in line for work before it can lease.nnThe mix spans three price points. A three-bedroom, two-bath at $3,800. A two-bedroom, one-bath at $1,900. A studio at $1,500. All three are occupied.nnThe building is single-story concrete block on a slab under a shingle roof, with central air, public water and public sewer, and off-street parking for ten. Three water meters and three electric meters measure consumption per unit. The parcel sits in Flood Zone X. Between masonry construction and Flood Zone X, the two variables that drive Florida insurance both point the same direction. Ownership is
Interior Details
2245
5
4
Has Heating:
Yes
Heating Type:
Central
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
Terrazzo
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
12472
Yes
Yes
Type:
Carport (unspecified)
Location:
N/A
Status:
N/A
Number of Spaces:
1
No
No
No
No
Yes
No
No
Construction Details
Triplex
Concrete Block
N/A
Gable
Asphalt
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$2,889
$0
$0
--%
$135,046
2019
$2,502
$0
$0
--%
$122,769
2018
$2,440
$0
$0
--%
$111,608
2017
$2,272
$66,600
$63,800
--%
$130,400
2016
$1,835
$30,900
$63,300
--%
$94,200
2014
$1,729
$0
$0
--%
$76,230
2013
$1,495
$0
$0
--%
$69,300
2012
$1,364
$0
$0
--%
$63,000
Average Home Price in 34237
Nearby Properties
Zip Code
Price
Bed
Bath
Sqft
Lot
Sold Date
$999,000
$999,000
5 Beds
4 Baths
2,245 Sqft
12,472 Lot (sqft)
Sold 09/29/2026
$839,000
$839,000
4 Beds
2 Baths
2,045 Sqft
6,889 Lot (sqft)
Sold 09/29/2026






