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145 Cleveland Dr, Sarasota, FL – $1,095,000

  • $1.1M Price
  • 2,515 Sqft
  • .14 Acres
  • 33 DOM
  • $1.1M Price
  • 2,515 Sqft
  • .14 Acres
  • 33 DOM

145 Cleveland Dr

Incredible cash flow opportunity! Own a 4-unit investment property with historical charm just a half block to beautiful Lido Beach. Island Dreams Vacation Rentals has been in operation since 2012, with many satisfied repeat guests and season 2020 bookings solidly in place. The new owner can enjoy guaranteed income while establishing themselves in the vacation rental market, by simply taking over the infrastructure already in place - with an opportunity to increase rental returns. Seller will offer buyer support, including providing prior guest info, operational guidance, support staff, and referral of future inquiries. The trade name Island Dreams Vacation Rentals and valuable reviews from a 3rd party listing site can transfer to the new owner. This is a no brainer for immediate cash flow on highly desirable Lido Key! Excellent location right in the heart of Lido Key (the closest island to downtown Sarasota!) - steps to the beach and easy walking distance to both St. Armand’s Circle and south Lido park (with its popular kayaking and SUP operators). This property offers 4 rental units in 2 buildings: (1) 2-BR Suite, as well as (3) unique one-BR apartments. The rear building is one of the first structures built on the island (1937), with charming pecky cypress ceilings, pine floors, and stone fireplace – own a slice of Sarasota history! Sale includes all furnishings, décor, kitchen supplies, linens, beach supplies. Laundry on-site with plenty of parking for your guests (each unit can park 2 cars tandem).

Essential Information

  • MLS® #A4448363
  • Price$1,095,000
  • Bathrooms0.00
  • Square Footage2,515
  • Acres0.14
  • Year Built1968
  • TypeIncome
  • Sub-TypeFour Units
  • StatusActive
  • Taxes$10,069
  • CDDN

Community Information

  • Address145 Cleveland Dr
  • AreaSarasota
  • SubdivisionLido Beach Div B
  • CitySarasota
  • CountySarasota County
  • StateFL
  • Zip Code34236


  • GaragesUnder Building Parking


Cable Available, Cable Connected, Electricity Connected


Community Boat Ramp, Fishing Pier, Park, Pool, Water Access


Common, Guest, Off Street, Open, Tandem


Flood Zone, In City Limits, Near Public Transit, Street Paved


  • InteriorTile, Wood
  • FireplaceYes
  • FireplacesWood Burning
  • StoriesTwo Story

Interior Features

Cathedral Ceiling(s), Ceiling Fans(s), Living Room/Dining Room Combo, Master Bedroom Downstairs, Stone Counters, Window Treatments


Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer


Central, Electric, Wall Units / Window Unit, Baseboard


Central Air, Wall/Window Unit(s)


  • ExteriorBlock, Stucco, Wood Frame
  • Lot DescriptionUp to 10,889 Sq. Ft.
  • RoofMetal, Shingle
  • FoundationCrawlspace, Slab

Exterior Features

Balcony/Sun Deck, Fenced, French Doors, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage

School Information

  • ElementarySouthside
  • MiddleBooker Middle
  • HighBooker

Pet Information

  • Pets AllowedY

Additional Information

  • Days on Market33
  • ZoningRMF2

Listing Details

  • OfficeColdwell Banker Res R E
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Coldwell Banker Res R E.

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on November 18th, 2019 at 9:30pm EST.