About 1555 7th Street
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!
Features of 1555 7th Street
| MLS® # | A4699070 |
|---|---|
| Price | $2,529,000 |
| Bedrooms | 32 |
| Bathrooms | 16.00 |
| Square Footage | 3,705 |
| Acres | 0.14 |
| Year Built | 1926 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Listing Details
| Office | RE/MAX ALLIANCE GROUP |
|---|
Listing Map
Neighborhood Information for 1555 7th Street
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 | |
|---|---|---|---|
|
Sarasota Military Academy Public - 9Th Grade to 12Th Grade |
0 Miles | |
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Sarasota School Of Arts/Sciences Public - 6Th Grade to 8Th Grade |
0 Miles | |
|
Westcoast School For Human Development Private - Kindergarten to 12Th Grade - Closest Elementry School |
1 Miles | |
|
|
Children First Public - Preschool to Preschool |
1 Miles | |
|
|
Agape Christian School Of Sarasota Private - Kindergarten to 12Th Grade |
1 Miles | |
|
|
Booker High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Bay Haven School Of Basics Plus Public - Kindergarten to 5Th Grade |
2 Miles |
School data provided by GreatSchools