503 N Osprey Avenue, Sarasota, FL 34236
- $1,159,999
- 6
- BD
- 5
- BA
- 2,958
- SqFt
- List Price
- $1,159,999
- Status
- Active
- Days on Market
- 229
- Price Change
- ▼ $40,000 1784224753
- MLS#
- A4674885
- Property Style
- Multi-Family 5+
- Year Built
- 1949
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 2,958
- Lot Size
- 10,009
- Acres
- 0.23
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Central Park Sub
- Community Name
- Central Park
- MLS Area Major
- Sarasota
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. 60% minimum down payment requirement. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.
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Additional Information
- Taxes
- $8951
- Community Features
- No Deed Restriction
- Zoning
- DTN
- Interior Layout
- Ceiling Fans(s), Window Treatments
- Interior Features
- Ceiling Fans(s), Window Treatments
- Floor
- Laminate, Tile
- Appliances
- Range, Refrigerator
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Outbuildings
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 2026100018
- Legal Description
- LOTS 11 & 12 BLK 2 CENTRAL PARK UNIT 1
Listing courtesy of RE/MAX ALLIANCE GROUP. 941-954-5454
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