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About This Home
This 6-bedroom, 0-bathroom residential multi family at 503 N OSPREY AVENUE in SARASOTA, FL is listed for $1,199,999 ($406 per sqft). Built in 1949, the home offers 2,958 sqft of living space on a 0.23 acres lot.
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.
Key Features
- Built in 1949
- 0.23 acre lot
Property Details
Monthly Cost Estimate
$6,418/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
503 N OSPREY AVENUE
SARASOTA, FL 34236
CENTRAL PARK SUB
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 6-bedroom, 0-bathroom residential multi family at 503 N OSPREY AVENUE is listed at $1,199,999 ($406/sqft). The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.
Key features include: Built in 1949, 0.23 acre lot. Interior Features: Ceiling Fans(s), Window Treatments. Exterior Features: Outbuildings.
This property is listed by Patrick Ritchey and can be reached at 9412847287 or teamritchey@verizon.net.