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Looking for a little history, a quaintness, a walkable neighborhood?Looking to live in one unit and rent the other? Looking for a wonderful investment? This is it. This wonderful duplex is located in Gillespie Park. Gillespie Park is a square mile grid of duplexes and brightly colored cottages. Walk to the 10-acre park complete with tennis courts, lake with ducks to feed and even a dog park. Instead of commercial activity at its center, it’s all around the edges. The south end of downtown with all its amenities literally across the street. The west end is the hip new Rosemary District. The east end, you’ll find a little bit of everything. So who lives in Gillespie Park? They’re a mixed crew of newcomers and longtime Sarasotans, all of whom revel in the atmosphere of diversity and progressive thought. The real charm here is this duplex. These mirror-image, 850 sf each side, two-bedroom, two-bath, coastal-modern units have been completely updated. Each unit has a laundry area and ample outdoor living space. Long-term tenant on 522side in place at $2,500/month. 530 side is available for an owner occupant or tenant. Projected NOI is $52k yielding a 6% cap rate when both sides rented out.

530 Gillespie Avenue, Sarasota

$509,000

1 Beds ⋅ A4584740 MLS

This charming 1-bedroom, 1-bathroom residence is located in the popular historic neighborhood of Gillespie Park. This furnished home is walking distance of Downtown Sarasota, making it an ideal choice for those looking to experience the city’s vibrant heart. Being within city limits allows you the flexibility of weekly rentals and makes this property an incredible investment as a short term rental. Inside you’ll find a convenient open floorplan and tile flooring throughout. Recent upgrades in 2021, include installation of central air conditioning and a new stainless steel refrigerator. Additionally, a convenient storage room is located at the rear of the home, equipped with both a washer and dryer as well as a window unit air conditioner. This versatile space provides ample room to tailor the living area to your specific preferences and needs. One of the standout features of this property is its zoning potential, allowing for the construction of up to a 3-story residence. In addition to a primary residential structure, an ancillary outbuilding is also permitted on each lot.. Adding to its appeal, this property features dual access from two streets, enhancing its potential for future development. The large fully fenced yard ensures privacy and provides a secure space for outdoor activities. From this prime location, you'll enjoy unbeatable convenience, with easy access to downtown Sarasota, the beautiful Gulf beaches, St. Armands Circle, and the Sarasota-Bradenton International Airport. Whether you're seeking a cozy haven for yourself or a smart investment opportunity, this Sarasota home offers the best of both worlds!

1825 4th Street, Sarasota

$1,900,000

6 Beds ⋅ A4544945 MLS

Now available. Rare opportunity in Sarasota's downtown perimeter along Sarasota Bay sitting Key West Style with covered parking. There are four one bedroom one bathroom units with efficiency kitchens as well as a two bedroom one bathroom unit with a den and enclosed patio. The site is currently zoned multi-family offering a catalogue of improvements. Located in the Opportunity Zone with rezoning to commercial or hotel available. There are countless, fun park areas to explore within a short distance, including Pioneer Park, Centennial Park, Whitaker Gateway Park and “The Bay”, which is the City of Sarasota’s freshest, amenity-driven, public development project. Phase One of The Bay is now open to the public and initiating operations.

1236 13th Street, Sarasota

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Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2023 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .

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