Properties

Property Description

$70,000 price reduction!!!! 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.

Features
: Central, Electric
: Central Air
: Other
: Ceiling Fans(s)
: Public Sewer
: BB/HS Internet Available
Appliances
: Refrigerator, Range
Address Map
US
FL
Sarasota
Sarasota
34236
GILLESPIE
530
AVENUE
W83° 28' 4.2''
N27° 20' 27.4''
Hwy 301 to West onto 5th St to Gillespie Ave... 530 Gillespie
34236 - Sarasota
DTN
Neighborhood
Alta Vista Elementary
Booker High
Booker Middle
Additional Info
PREMIER SOTHEBYS INTL REALTY
Robert Sherman
$0
$0
Additional Information
: Park, Playground, Tennis Courts
: Stucco, Block
: Slab
: One
2
2023-11-01
819000
: Public
2162
Financial
5943
Listing Information
281505134
281519790
Cash,Conventional
Active
2025-02-21T19:37:07Z
Stellar
: None
2024-11-07T19:50:26Z

530 Gillespie Avenue, Sarasota, Florida 34236

Residential Income For Sale

4 Bedrooms
4 Bathrooms
1,700
$750,000
Listing ID #A4586971
Basic Details
Listing Type : For Sale
Listing ID : A4586971
Price : $750,000
Bedrooms : 4
Bathrooms : 4
Square Footage : 1,700
Year Built : 1950
Lot Size : 0.20 Acre
Listing Status : Active
Property Attached Yn : 1
Property Sub Type : Duplex
Roof : Shingle
Agent info
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