About This Home
This 32-bedroom, 16-bathroom multi-family at 1555 7TH Street in Sarasota, FL is listed for $2,529,000 ($683 per sqft). Built in 1926, the home offers 3,705 sqft of living space on a 0.14 acres lot.
Key Features
- Built in 1926
- 0.14 acre lot
Property Details
Amenities
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. NOTE: future development plans viable on request!
Monthly Cost Estimate
$13,526/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1555 7TH Street
Sarasota, FL 34236
HALLS SUB JAMES S
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Views
Outdoor Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 32-bedroom, 16-bathroom multi-family at 1555 7TH Street is listed at $2,529,000 ($683/sqft). The estimated monthly payment is $13,526 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1926, 0.14 acre lot. Interior Features: Ceiling Fans(s), High Ceilings, Open Floorplan. Exterior Features: Fence, Garden, Private Entrance.
This property is listed by Robert T Anderson and can be reached at 9413508671.