432 ADELIA AVE Active Save Request In-Person Tour Request Virtual Tour
Sarasota,FL 34236
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,063 sqft
Price per Sqft $358
Subdivision Pritchard Frank
MLS Listing ID A4651104
Bedrooms 4
HOA Y/N No
Year Built 1932
Annual Tax Amount $7,585
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x96
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
Charming Fourplex in the Heart of Gillespie Park! This 4-unit property is bursting with character and income potential. Featuring a 2/1, two 1/1s, and a detached efficiency, all with great tenants on month-to-month leases who'd love to stay. Rents are strong and steady, with room to grow—especially if you incorporate the detached unit's storage space as an extra bedroom (or possibly reconfigure it to a 2/1)! Rents are currently $1,850 2/1, $1,595 1/1, $1,445 1/1, and $1,295 efficiency. The roof is from 2019 (nice!). The Gillespie Park neighborhood is becoming one of Sarasota's most vibrant spots - just steps away from downtown restaurants and shops and the Rosemary District. Multimillion-dollar homes are beginning the line the streets and the area will continue to revitalize. Easy walking distance to the exciting new Sarasota Bay Park, currently under development. Your tenants don't even need a car if they work downtown. This is the perfect opportunity to get into this neighborhood before it hits its peak! Zoned DTN, this lot has development flexibility with room for up to 12 units per acre. Whether you're an investor looking to expand your portfolio or perhaps want a fabulous location for your next dream home, this property checks the boxes with a wink and a smile.
Location
State FL
County Sarasota
Community Pritchard Frank
Area 34236 - Sarasota
Zoning DTN
Interior
Interior Features Ceiling Fans(s)
Heating Electric,Ductless
Cooling Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Other
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Stilt/On Piling
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Frame,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None
Virtual Tour https://tours.vtourhomes.com/432adeliaavesarasotafl?b=0