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503 Osprey Avenue
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PRICED AT ONLY: $1,199,999

Address: 503 Osprey Avenue, SARASOTA, FL 34236

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.

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  • MLS#: A4674885 ( Residential Income )
  • Street Address: 503 Osprey Avenue
  • Viewed: 50
  • Price: $1,199,999
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 0
  • Bedrooms: 6
  • Total Baths: 5
  • Days On Market: 54

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Outbuildings
  • Flooring: Laminate, Tile
  • Living Area: 2958.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Mini-Split Unit(s)
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
Other Features
  • Appliances: Range, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Window Treatments
  • Legal Description: LOTS 11 & 12 BLK 2 CENTRAL PARK UNIT 1
  • Area Major: 34236 - Sarasota
  • Occupant Type: Tenant
  • Parcel Number: 2026100018
  • Possession: Close Of Escrow, Negotiable
  • View: City
  • Views: 50
  • Zoning Code: DTN
Nearby Subdivisions
Central Park Sub   Inwood Park   Pelican Gardens   Pos Sub Of Blks G H   Pritchard Frank   Rhodes Hale Sub   Schindler Sub  
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Details for 301 Osprey Avenue, SARASOTA, FL 34236
$1,199,000.00

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  1. Bedrooms: 4
  2. Baths: 4
  1. MLSID: A4680127
  2. Provided by QUEST PROPERTIES INC
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