Active

$739,000

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! This 4-unit property is bursting with character and income potential. Featuring a 2/1, two 1/1s, and a 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!). The Gillespie Park neighborhood is becoming one of Sarasota's most vibrant spots - just steps away from downtown restaurants and shops and the Rosemary District. Multimillion-dollar homes are beginning the line the streets and the area will continue to revitalize. Easy walking distance to the exciting new Sarasota Bay Park, currently under development. Your tenants don’t even need a car if they work downtown. This is the perfect opportunity to get into this neighborhood before it hits its peak! Zoned DTN, this lot has development flexibility with room for up to 12 units per acre. Whether you’re an investor looking to expand your portfolio or perhaps want a fabulous location for your next dream home, this property checks the boxes with a wink and a smile.
Financial Considerations
Price:
$739,000
HOA Fee:
N/A
Tax Amount:
$7585.04
Price per SqFt:
$358.22
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
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 860,000
avt
Daniel Dourado
$ 759,000
avt
Daniel Dourado
$ 2,495,000
img
  • Featured
  • Active
Quadruplex

15414 AVALON AVE #15414, 15406

  • 8
  • 4
  • 306 m²
avt
Daniel Dourado
$ 649,000
avt
Daniel Dourado
$ 850,000
avt
Daniel Dourado
$ 499,000
avt
Daniel Dourado
$ 535,000
avt
Daniel Dourado
$ 1,320,000
avt
Daniel Dourado
$ 1,300,000
avt
Daniel Dourado
$ 895,000
avt
Daniel Dourado
$ 899,990
avt
Daniel Dourado
$ 575,000