530 Gillespie Avenue, SARASOTA, FL 34236
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  • MLS#: A4586971 ( Residential Income )
  • Street Address: 530 Gillespie Avenue
  • Viewed: 1
  • Price: $819,000
  • Price sqft: $379
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 2162
  • Bedrooms: 4
  • Total Baths: 4
  • Days On Market: 432
  • Additional Information
  • Geolocation: 27.3409 / -82.5322
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34236
  • Subdivision: Charles L Knight Sub
  • Elementary School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Provided by: PREMIER SOTHEBYS INTL REALTY
  • Contact: Robert Sherman
  • 941-364-4000
  • mfrmls
  • DMCA Notice
  • 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, its 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, youll find a little bit of everything. So who lives in Gillespie Park? Theyre 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Living Area: 1700.00
  • Roof: Shingle
School Information
  • High School: Booker High
  • Middle School: Booker Middle
  • School Elementary: Alta Vista Elementary
Garage and Parking
  • Garage Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2022
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
Other Features
  • Appliances: Range, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s)
  • Legal Description: LOT 1 & W 1/2 LOT 2 BLK D CHARLES L KNIGHT SUB
  • Levels: One
  • Area Major: 34236 - Sarasota
  • Occupant Type: Tenant
  • Parcel Number: 2026090029
  • Zoning Code: DTN
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Headshot for Associate Terriann Stewart
  1. Terriann Stewart, LLC,REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 352.220.1008
  4. realtor.terristewart@gmail.com