Excellent Gillespie Park investment opportunity located in Sarasota's new Opportunity Zone! Income producing duplex on two buildable park front lots. This is your opportunity to collect income until you choose to build two prime park front homes or one custom home on this double lot. If you're interested in downtown Sarasota, this is an excellent opportunity to own a bungalow on an double corner lot across from the 10 acre Gillespie Park. This duplex sits at the comer of 8th and Gillespie Avenue in the historic Gillespie Park neighborhood. The home boasts wood floors and Mexican tile, central AC and gas water heat. The DTN (Downtown Neighborhood) zoning provides for accessory dwelling units (garage apartments) as well as live/work opportunities. The corner lot allow for additional non-residential uses with restrictions. The 2 BR 1 BA home delivers $1600/ mo. and the attached 1 BR / 1 BA attached apartment delivers $995 /mo. You can convert either to an office or studio. Live downtown and have your mortgage paid by the rental income. This park front property is an excellent investment due to the 2 build-able lots and the DTN Zoning in the historic Gillespie Park. Seller has concept plans for new construction. The property faces west and is directly across from the tennis courts. It is walk able to downtown and to the re visioned bay project.
|DAYS ON MARKET||7||LAST UPDATED||8/13/2019|
|TRACT||GILLESPIE PARK||YEAR BUILT||1946|
|COMMUNITY||34236 - Sarasota||COUNTY||Sarasota|
|STATUS||Active||PROPERTY TYPE(S)||Residential Income|
|Elementary School||Alta Vista Elementary|
|Jr. High School||Booker Middle|
|High School||Booker High|
|AMENITIES||Park, Playground, Tennis Courts|
|AREA||34236 - Sarasota|
|GARAGE||Driveway, Guest, None|
|LOT DESCRIPTION||Corner Lot, In City Limits, Lease Term - 12 Months, Near Public Transit, View - Park|
|UTILITIES||Cable Available,Public,Sewer Connected|
TOTAL MONTHLY PAYMENT
This IDX solution is (c) Diverse Solutions 2019.