1569 7TH STREET

Property Details

Description

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.

Facts & Costs

Property type

Single Family Residence

Year built

1925

Lot size

5,806 sq ft

Stories

1

Price per sq ft

$2,926

Days on market

726

Private pool

No

Waterfront

No

Community

Halls Sub James S

Subdivision

HALLS SUB JAMES S

County

Sarasota

Flood zone

X

Monthly & yearly costs

Property taxes

$5,080 / year (2023)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating

Electric, Heat Pump

Cooling

Central Air, Zoned

Flooring

Vinyl, Wood

Roof

Metal, Shingle

Construction

Block, Brick, Frame, Wood Siding

Parking

Curb Parking, Deeded, Driveway, Golf Cart Parking, Ground Level, Guest, On Street, Oversized, Reserved, RV Access/Parking, Tandem

View

Garden, Park/Greenbelt, Trees/Woods

Payment Estimate

$13,146 / month

Principal & interest

$12,722

Property taxes

$423

HOA

$0

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

• Cooktop
• Dishwasher
• Dryer
• Electric Water Heater
• Exhaust Fan
• Microwave
• Other
• Range
• Range Hood
• Refrigerator
• Washer
• Cathedral Ceiling(s)
• Ceiling Fans(s)
• Eat-in Kitchen
• High Ceilings
• Kitchen/Family Room Combo
• Living Room/Dining Room Combo
• Open Floorplan
• Primary Bedroom Main Floor
• Solid Surface Counters
• Split Bedroom
• Thermostat
• Window Treatments
• Balcony
• Dog Run
• Garden
• Lighting
• Private Entrance
• Private Mailbox
• Private Yard
• RV Hookup
• Sidewalk