503 N OSPREY AVENUE at

503 N OSPREY AVENUE

For sale Days on market 51

$1,199,999

$406/sq ft

$100,000
Price Decreased

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Overview

Bedroom

Year Built

1949

Sqft

2958

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. 30% minimum requirement. All financing terms are extremely attractive and negotiable.

Property Details

MLS#

A4674885

Address

503 OSPREY N

City

Sarasota

State/county

Zip/Postal Code

34236

Area

Central Park Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$8,951

Maint Fee

$--

Tax Year

2024

Range

Refrigerator

City

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