Active

$789,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 2063 sq ft
Overview
  • ID: MFRA4651104
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 2063 sq ft
Property Details
Remarks
Charming Fourplex in the Heart of Gillespie Park! Step back into Sarasota’s golden era with this beautifully maintained 1935 gem just a hop, skip, and a latte from Downtown! This delightful 4-unit property is bursting with character and income potential. It would make an ideal house hack for someone looking to be close to downtown and have a good portion of your mortgage paid by your tenants. Featuring a 2/1, two 1/1s, and an adorable 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)! Rents are currently $1,850 2/1, $1,595 1/1, $1,445 1/1, and $1,295 efficiency. The roof is from 2019 (nice!), there’s parking for three, plus easy street parking for visitors or your future self. Zoned DTN, this lot has development flexibility with room for up to 12 units per acre. Whether you’re an investor looking to expand or just want to own a piece of Sarasota charm, this property checks the boxes with a wink and a smile.
Financial Considerations
Price:
$789,000
HOA Fee:
N/A
Tax Amount:
$7585.04
Price per SqFt:
$382.45
Tax Legal Description:
LOT 12 SUB OF LOT 3 BLK K PLAT OF SARASOTA
Exterior Features
Lot Size:
4795
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Electric, Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1932
Construction Type:
Frame, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    432 ADELIA AVE
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