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.
Property Features
Amenities
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: RE/MAX ALLIANCE GROUP
Agency Contact: 941-954-5454
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
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Estimated Payment
$ 6,882.50 per month $5,786.58 Principal & Interest $745.92 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
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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.watsonrealtycorp.com today.