525 RAWLS AVE, SARASOTA, FL, 34236
$1,150,000
Residential Income
|
Living Area
1,316 Sqft
|
Lot Size
3,952 Sqft
|
Investor’s Dream - 5-Unit Rental Gem! High ROI potential, zoned for weekly rentals. Welcome to a rare opportunity to own a cash-flowing multifamily building perfectly positioned to capitalize on the booming short-term rental market. 4 of the 5 Units have been renovated with new kitchens. All 5 units have new mini-split AC systems and have large private terraces.
One unit is turnkey furnished with proven revenue history in this high-demand area! The other 4 apartments are currently rented to annual tenants, but could easily be converted to short-term rental units. There are also 10 mini garage units that are leased to tenants for storage at an average of $125/month.
Location, Location, Location: This Laurel Park location is minutes from downtown, the entertainment venues and restaurants of Burns Court, and other cultural hotspots. This prime income property is ready for a new owner to step in and start earning from day one. Pro-forma statement available upon request.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4650013 | Year Built: | 1920 | |
| Community Features: | Street Lights | Construction Materials: | Block, Brick, Stucco, Frame | |
| Cooling: | Ductless | Country: | US | |
| County Or Parish: | Sarasota | Exterior Features: | Balcony, Courtyard, Fence, Lighting, Sidewalk, Storage | |
| Foundation Details: | Slab | Heating: | Electric | |
| Laundry Features: | Common Area, Electric Dryer Hookup, Laundry Room, Washer Hookup | Listing Agreement: | Exclusive Right To Sell | |
| Property Sub Type: | Multi Family | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt | Roof: | Membrane | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Call Listing Agent | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Public, Sewer Connected, Water Connected | |
| Water Source: | Public | |||
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