530 GILLESPIE AVE Active Save Request In-Person Tour Request Virtual Tour
Sarasota,FL 34236
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $481
Subdivision Charles L Knight Sub
MLS Listing ID A4586971
Bedrooms 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1950
Annual Tax Amount $5,943
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Price reduced! Seller willing to offer several different scenarios of assistance… Credit at closing to assist with closing fees; Credit at closing to assist with the rate buy down; Guaranteed rent of $2500 a month for the first 12 months in the vacant unit. Your choice! Looking for a little history, a quaintness, a walkable neighborhood? Looking to live in one unit and rent the other? Looking for a wonderful investment? This is it. This wonderful duplex is located in Gillespie Park. Gillespie Park is a square mile grid of duplexes and brightly vibrant cottages. Walk to the 10-acre park complete with tennis courts, lake with ducks to feed and even a dog park. Instead of commercial activity at its center, it’s all around the edges. The south end of downtown with all its amenities literally across the street. The west end is the hip new Rosemary District. The east end, you’ll find a little bit of everything. So who lives in Gillespie Park? They’re a mixed crew of newcomers and longtime Sarasotans, all of whom revel in the atmosphere of diversity and progressive thought. The real charm here is this duplex. These mirror-image, 850 sf each side, two-bedroom, two-bath, coastal-modern units have been completely updated. Each unit has a laundry area and ample outdoor living space. Long-term tenant on 522side in place at $2,500/month. 530 side is available for an owner occupant or tenant. Projected NOI is $52k yielding a 6% cap rate when both sides rented out. Seller wants to Buyer to know that the lot can be divided.
Location
State FL
County Sarasota
Community Charles L Knight Sub
Zoning DTN
Interior
Interior Features Ceiling Fans(s)
Heating Central,Electric
Cooling Central Air
Furnishings Unfurnished
Fireplace false
Appliance Range,Refrigerator
Exterior
Exterior Feature Other
Community Features Park,Playground,Tennis Courts
Utilities Available BB/HS Internet Available
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Schools
Elementary Schools Alta Vista Elementary
Middle Schools Booker Middle
High Schools Booker High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Membership Fee Required None
Listing Terms Cash,Conventional
Special Listing Condition None