503 North Osprey Avenue Sarasota, FL 34236

$1,199,999
6
Beds
0.23
Acres
2,958
SQFT
406
$/SQFT
$1,199,999
6
Beds
2,958   sf
$406 / sf
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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.

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.

  • Neighborhood
  • Type
  • County
    Sarasota
  • Area
    34236 - Sarasota
  • Tax Amount
    $8,951
  • Status
    Active
  • Listing #
    A4674885
  • Built
    1949
  • Lot Size
    0.23
  • Listed on site
    175 days

Listed by:
Re/max Alliance Group

Source:
StellarMLS

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Property details

Community Features

  • No HOA

Property Features

  • Sewer
  • Has Virtual Tour

View

  • City view

Exterior features

  • No Pool

Interior Features

  • Tile - Floors

Financing

  • Cash
  • None

Property History

DateDays AgoEventNew Price
Jan 30, 20264 mos agoPrice decreased100,000 (8%)$1,199,999
Dec 10, 20256 mos agoNew on market$1,299,999
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