830 Central Avenue, Sarasota, Florida 34236

$2,590,000
$2,990,000

Overview

Property ID: HZD6132606

Quadruplex, Residential Income
Property Type

9357 Sqft
Area Size

Description

Exciting opportunity to invest in the ROSEMARY RESIDENTIAL OVERLAY DISTRICT! OWNER WILL ALSO ENTERTAIN A TRIPLE NET LEASE! This historical complex, built in 1925 is located within minutes from Sarasota Bay, in a rapidly developing area of luxury apartments and condominiums. THERE IS NOW A TREMENDOUS ADVANTAGE AND BONUS TO THE OWNERSHIP OF THIS HISTORICAL HOME DESIGNATION. City of Sarasota will allow development of an additional 20 units to the parking lot area ( 42 parking spots). Allowing for a possible total of 95 units, 8 rented below market value. PER CITY OF SARASOTA. Current use of this unique and charming 4 building, 5 UNIT complex is housing rental. Each of the 5 units contain shared kitchens and baths and there is, in addition a yoga studio which can be converted into available housing. Currently there are 13 tenants enjoying the pulse and vitality, and in-town dynamics that the complex has to offer.

Address

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Address: 830 CENTRAL AVENUE
City: Sarasota
State/county: FL
Zip/Postal Code: 34236
Country: US

Details

Updated on December 27, 2023 at 9:30 pm

Property ID HZD6132606
Price $2,590,000
Property Size 9357 Sqft
Land Area 0.78 Acres
Year Built 1925
Property Type Quadruplex, Residential Income
Property Status Canceled

Additional details

Listing Terms Assumable, Cash, Conventional
Roof Built-Up, Shingle
Utilities Electricity Available, Natural Gas Available, Public, Water Connected
Sewer Public Sewer
Cooling Central Air, Wall/Window Unit(s)
Heating Electric
Flooring Wood
County Sarasota
Property Type Residential Income
Elementary School Alta Vista Elementary
Middle School Booker Middle
High School Booker High