Homes for sale - 530 GILLESPIE AVE, Sarasota, FL 34236

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Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

$819,000

Est. payment - /mo

4 Beds

4 Baths

1,700 SqFt

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UPDATED:

12/03/2024 04:25 AM

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

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

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Listed by PREMIER SOTHEBYS INTL REALTY

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com

530 GILLESPIE AVE Sarasota, FL 34236