About 503 N Osprey Avenue
Under contract-accepting backup offers. FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value, 3 are month to month and 2 have a 1 year lease. City zoning allows weekly rentals. Purchase and earn rental income OR develop in DTN zoning. Common area laundry as an amenity for tenants. Bldg #1 has 2 units, each are 1 bedroom/1 bath. Bldg 2 has 2 units, each are 2 bedroom/1 bath. Bldg #3 is the cottage/studio. This property is in fast growing downtown Sarasota a few blocks to Main Street with downtown restaurants, shops and bars. 2 blocks from Sarasota City park with tennis courts, playground and dog park all situated around a lake! Many multimillion dollar homes and deluxe condo developments in and surrounding Gillespie Park. Close to beaches and beautiful Sarasota Bay. Investment property with huge income potential and huge future DTN development. Seller is offering owner/seller financing to prospective buyers in the amount of 20% of purchase price. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.
Features of 503 N Osprey Avenue
| MLS® # | A4674885 |
|---|---|
| Price | $1,159,999 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Square Footage | 2,958 |
| Acres | 0.23 |
| Year Built | 1949 |
| Type | Residential Income |
| Sub-Type | Multi Family (5+) |
| Status | Pending |
Listing Details
| Office | RE/MAX ALLIANCE GROUP |
|---|
Listing Map
Neighborhood Information for 503 N Osprey Avenue
Very Rapid Population Growth, Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Westcoast School For Human Development Private - Kindergarten to 12Th Grade - Closest Elementry School |
0 Miles | |
|
Sarasota Military Academy Public - 9Th Grade to 12Th Grade |
0 Miles | |
|
Sarasota School Of Arts/Sciences Public - 6Th Grade to 8Th Grade |
1 Miles | |
|
|
Agape Christian School Of Sarasota Private - Kindergarten to 12Th Grade |
1 Miles | |
|
|
Children First Public - Preschool to Preschool |
1 Miles | |
|
|
Sarasota High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
Tuttle Elementary School Public - Kindergarten to 5Th Grade |
1 Miles |
School data provided by GreatSchools