522-530 Gillespie Avenue, Sarasota, FL 34236

Description

Great investment opportunity with duplex building in good condition and tenants in place (one tenant for 10 years). Rents are below market, providing room for increasing rents. Both units are 2 bedroom, 2 bath with bonus room and fenced rear yards for privacy. One unit with ceramic tile floors and other unit with wood-grain vinyl floors. Central air/heat; washer/dryer hookups in covered area off back bonus room; covered patio in front and small patio area in rear. The property is located in the Gillespie Park neighborhood in convenient proximity to all vibrant Downtown Sarasota dining, art, shopping, entertainment and cultural venues as well as Sarasota's Bayfront, beaches, St. Armand's Circle. Beyond the steps to Downtown, main transportation corridors easily allow for all of the area's natural resources to be enjoyed. A 10-acre park is in the center of the neighborhood and includes such amenities as tennis/pickelball courts, basketball court, playground, walking paths, a Canine Club (fully fenced dog park), Butterfly Garden, fitness equipment, pond and large open green space. For alternative use, zoning in this Downtown Neighborhood (DTN) district allows for building of residences on 3,600 square foot lots as well as an accessory structure with up to 600 square feet of living space. This property is located on an 8,602 square foot corner lot and would allow for two buildable lots.