1555 7TH ST, SARASOTA, FL, 34236
$2,529,000
Residential Income
|
Living Area
905 Sqft
|
Lot Size
5,942 Sqft
|
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
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4699070 | Year Built: | 1926 | |
| Appliances: | Cooktop, Dryer, Microwave, Other, Range, Range Hood, Refrigerator, Washer | Basement: | Other | |
| Community Features: | Dog Park, Playground, Sidewalks, Street Lights | Construction Materials: | Block, Brick, Concrete, Other, Frame, Wood Siding | |
| Cooling: | Central Air, Other, Zoned | Country: | US | |
| County Or Parish: | Sarasota | Exterior Features: | Fence, Garden, Other, Private Entrance, Private Mailbox, Private Yard, Sidewalk, Storage | |
| Financial Data Source: | Owner | Flooring: | Ceramic Tile, Other, Tile, Vinyl, Wood | |
| Foundation Details: | Crawlspace, Other, Stilt/On Piling | Furnished: | Unfurnished | |
| Heating: | Electric, Heat Pump, Other, Zoned | Laundry Features: | Inside, Laundry Room, Other | |
| Lease Term: | Twelve Months | Levels: | One | |
| Listing Agreement: | Exclusive Agency | Listing Terms: | Cash, Conventional, Other, Owner Financing, Private Financing Available | |
| Lot Features: | Cul-De-Sac, Greenbelt, City Limits, Landscaped, Level, Near Golf Course, Near Public Transit, Sidewalk, Street Dead-End, Street One Way, Paved | Occupant Type: | Tenant | |
| Other Equipment: | Private Entrance, Private Yard | Other Structures: | Guest House, Other, Storage | |
| Parking Features: | Assigned, Boat, Deeded, Driveway, Ground Level, Guest, Off Street, On Street, Open, Other, Oversized, Parking Pad, Reserved, RV Access/Parking, Tandem | Patio And Porch Features: | Covered, Deck, Front Porch, Other, Screened | |
| Pets Allowed: | Cats OK, Dogs OK, Number Limit, Size Limit | Pool Features: | Other | |
| Possession: | Close Of Escrow | Property Condition: | Completed | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt, Concrete, Dirt, Gravel, Other, Paved | |
| Roof: | Metal, Other, Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, Other, ShowingTime | Spa Features: | Other | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Water | |
| Utilities: | Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Other, Public, Sewer Connected, Water Connected | View: | City, Garden, Park/Greenbelt, Trees/Woods | |
| Water Source: | Public | Window Features: | Blinds, Wood Frames | |
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