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Description
FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value. City zoning allows weekly rentals. Purchase and earn rental income OR develop in DTN zoning. Common area laundry as an amenity for tenants. Bldg #1 has 2 units, each are 1 bedroom/1 bath. Bldg 2 has 2 units, each are 2 bedroom/1 bath. Bldg #3 is the cottage/studio. This property is in fast growing downtown Sarasota a few blocks to Main Street with downtown restaurants, shops and bars. 2 blocks from Sarasota City park with tennis courts, playground and dog park all situated around a lake! Many multimillion dollar homes and deluxe condo developments in and surrounding Gillespie Park. Close to beaches and beautiful Sarasota Bay. Investment property with huge income potential and huge future DTN development. Seller is offering owner/seller financing to prospective buyers. 30% minimum requirement. All financing terms are extremely attractive and negotiable.
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Electric
Lot Size: 0.23 Acres
Roof Type: Shingle
Taxes: $8,951
Year Built: 1949
General Information
Bedrooms: 6
Sqft: 2,958
County: Sarasota
Subdivision: CENTRAL PARK
Listed By:
Patrick Ritchey
RE/MAX ALLIANCE GROUP
941-954-5454
MLS ID: A4674885
Amenities
Ceiling Fans(s)
Window Treatments
Outbuildings
Property Features
Annual Net Income: 57900.00
Appliances: Range, Refrigerator
Days on Site: 83
Directions: Downtown Corner of Osprey Ave and 5th Street
Exterior: Block
Flood Zone Code: X
Flooring: Laminate, Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Owner Financing
Lot Dimensions: 0.23
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Do Not Contact Tenants, No Call Box
Special Sale Provisions: None
Units: 5
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: DTN
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503 N Osprey Avenue, Sarasota, FL 34236.
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Estimated Payment
$ 5,143.32 per month $4,047.40 Principal & Interest $745.92 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
About this area
About Sarasota
Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.”
Learn More About Living in Sarasota, Florida
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