1850 7TH STREET

Property Details

Description

Under contract-accepting backup offers. * Tremendous opportunity to own your own duplex in GILLESPIE PARK – LIVE IN ONE SIDE AND RENT OUT THE OTHER ! Or just rent out both of them ! * Fabulous opportunity to tear down and build your own New Single Family Home in the Downtown area with an Additional Dwelling unit for Income – Zoned DTN + During the time of preparing all the Architectural plans and going through the permitting process – you are collecting rent all along the way ! * You could even add a pool between the 2 New Buildings for Fun for all ! *Right across street from Sarasota’s Own 10 acre Wooded Oasis in the middle of Downtown Sarasota – GILLESPIE PARK ! Featuring Tennis Courts , walking trails , a pond that winds through the park , Wonderful playground and even a separate Dog Park ! * Tenant occupied* There is total of 3 br, 2 bath.  (one unit has 2 br, 1 bath, and one unit has 1 br, 1 bath) *To have access to all that Downtown Sarasota has to offer within just a few blocks is amazing ! You literally have 65 restaurants within a 10 block radius. Who needs a car anyway ? * The Bay Trolley is just a few blocks away as well taking you all the way to Lido Beach and back for Free without ever having to park a car! * And Don’t Forget the ever popular Legacy Walking and Bicycle Trail and Payne Park also just a few blocks away. * And One Last Huge Benefit - You are literally only 6 blocks from the Ultra Amazing new 53 acre Bay Park ! Which you just have to see and experience to believe. *YOU must experience the Downtown Lifestyle to really appreciate what our Great City has to offer !

Facts & Costs

Property type

Duplex

Units

2

Current rent (total)

$3,350 / month

Gross income

$40,200 / year

Net income

$35,200 / year

Zoning

DTN

Year built

1969

Lot size

7,500 sq ft

Price per sq ft

$478

Days on market

71

Private pool

No

Waterfront

No

Community

Gillespie Park Sub

Subdivision

GILLESPIE PARK

County

Sarasota

Flood zone

X

Monthly & yearly costs

Property taxes

$7,172 / year (2025)

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

Construction & systems

Heating

Central, Electric

Cooling

Central Air

Flooring

Ceramic Tile, Tile

Roof

Shingle

Construction

Block, Stucco

Parking

Driveway, Ground Level, Guest, On Street, Open

View

Park/Greenbelt, Tennis Court, Trees/Woods

Payment Estimate

$4,385 / month

Principal & interest

$3,787

Property taxes

$598

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

• Dishwasher
• Dryer
• Electric Water Heater
• Microwave
• Range
• Refrigerator
• Washer
• Ceiling Fans(s)
• Eat-in Kitchen
• Kitchen/Family Room Combo
• Open Floorplan
• Primary Bedroom Main Floor
• Window Treatments
• Dog Run
• Sidewalk