1569 7TH STREET at

1569 7TH STREET

For sale Days on market 614

$2,516,000

$2926/sq ft

$583,000
Price Decreased

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Overview

Bedroom

Bath

Year Built

1925

Sqft

860

Property Type

Single Family Residence

Property Description

SARASOTA ~ CITY OF SARASOTA ~ ROSEMARY DISTRICT ~ DOWNTOWN LIVING AND / OR INVESTMENT, WITH UPSIDE DEVELOPMENT OPPORTUNITIES! - WE ARE SELLING 4 CONTIGUOUS PROPERTIES WITH FOUR RENTAL HOMES ON AN ESTIMATED 23K SF +/- LAND!!!! Come and explore this unique opportunity to own and operate four contiguous properties with homes within the much sought after City of Sarasota "Rosemary District". The current rent roll is estimated at $100K +/-, all the current homes (4) are rented on an annual basis. The zoning does allow for short term weekly rentals, come and set up your own short term rental compound with estimated average daily rates @ $50.00 - $100.00 +/. Want another reason to look, owner will consider "owner financing" and/or selling off less then all four homes. There are just not many opportunities in the City of Sarasota to secure rezoned lands with the ability to use the current as-is property to secure carry income while waiting for the right timing to develop. The upside development in the Rosemary Zoning District: up to 7-stories with up to 30+ units. Property is very easy to show, sign is on site! NOTE: another contiguous parcel - rental home available for discussion.

Property Details

MLS#

A4625551

Total Floor in Bldg

Address

1569 7TH

City

Sarasota

State/county

Zip/Postal Code

34236

Area

Halls Sub James S

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$5,079

Maint Fee

$--

Tax Year

2023

Cooktop

Dishwasher

Dryer

Electric Water Heater

Exhaust Fan

Microwave

Other

Range

Range Hood

Refrigerator

Washer

Garden

Park/Greenbelt

Trees/Woods

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