BEDS6
BATHS
SQUARE FEET2,958
MLS#A4674885
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCENTRAL PARK
Property 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 Features
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
Amenities
Ceiling Fans(s)
Window Treatments
Outbuildings
Feature Descriptions
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
Listed By / Shown By
Listed By
Agency Name: RE/MAX ALLIANCE GROUP
Agency Contact: 941-954-5454
Shown By
Agency Title: Florida Executive Realty
Agency Phone: 813.908.8500
Estimate Your Payment
Estimated Payment
$ 3,766.60 per month $2,670.68 Principal & Interest $745.92 Property Tax $350.00 Homeowner's Insurance
503 N Osprey Avenue | MLS# A4674885
This multi-family property located at 503 N Osprey Avenue, Sarasota, FL 34236 is currently listed for sale with an asking price of $1,199,999. Search Sarasota real estate on www.floridaexecutiverealty.com today.