House for Sale
$2,675,000
4 bd · 4 ba · 2,729 sqft
SARASOTA, FL 34236 · MLS# A4625551 · Active · HALLS SUB JAMES S
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.
School assignments are provided by the listing and should be independently verified.
Estimate only — actual rates, taxes and insurance vary. Not a loan offer or financial advice. Financing through Matthew Gromadzki, NMLS #2560919 · Innovative Mortgage Services, Inc., NMLS #250769.
1569 7TH STREET, SARASOTA, FL 34236 · See all Sarasota homes for sale
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1569 7TH STREET is a single family home for sale in SARASOTA, FL 34236. This property was listed for sale on October 1, 2024 by RE/MAX ALLIANCE GROUP, it's currently listed at $2,516,000. This listing's school district is Sarasota Public Schools. Nearby schools include Emma E. Booker Elementary, Booker Middle and Booker High. 1569 7TH STREET is a 2-bed, 1-bath, 860 sqft single family home built in 1925.