432 ADELIA AVENUE at

432 ADELIA AVENUE

For sale Days on market 94

$719,000

$349/sq ft

$20,000
Price Decreased

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Overview

Bedroom

Year Built

1932

Sqft

2063

Property Type

Quadruplex

Property Description

Charming 4-unit in the Heart of Gillespie Park! Featuring a 2/1, two 1/1s, and a detached efficiency, all with great tenants on month-to-month leases who’d love to stay. Rents are strong and steady, with room to grow—especially if you incorporate the detached unit’s storage space as an extra bedroom (or possibly reconfigure it to a 2/1). The roof is from 2019. The Gillespie Park neighborhood is becoming one of Sarasota's most vibrant spots - just steps away from downtown restaurants and shops and the Rosemary District. Multimillion-dollar homes are beginning the line the streets and the area will continue to revitalize. Easy walking distance to the exciting new Sarasota Bay Park, currently under development. Your tenants don’t even need a car if they work downtown. This is the perfect opportunity to get into this neighborhood before it hits its peak! Zoned DTN, this lot has development flexibility with room for up to 12 units per acre. Whether you’re an investor looking to expand your portfolio or perhaps want a fabulous location for your next dream home, this property checks the boxes.

Property Details

MLS#

A4667029

Address

432 ADELIA

City

Sarasota

State/county

Zip/Postal Code

34236

Area

Pritchard Frank

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,585

Maint Fee

$--

Tax Year

2024

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