1555 7TH St, Sarasota, FL 34236

Beds
32
Baths
16
Sqft
3,705

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Listed byRE/MAX ALLIANCE GROUP
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Overview

SARASOTA ~ CITY OF SARASOTA ~ ROSEMARY DISTRICT ~ DOWNTOWN LIVING AND / OR INVESTMENT, WITH UPSIDE DEVELOPMENT OPPORTUNITIES! - WE ARE SELLING 4 CONTIGUOUS PROPERTIES WITH FOUR RENTAL HOMES ON AN ESTIMATED 23K SF +/- LAND!!!! Come and explore this unique opportunity to own and operate four contiguous properties with homes within the much sought after City of Sarasota "Rosemary District". The current rent roll is estimated at $100K +/-, all the current homes (4) are rented on an annual basis. The zoning does allow for short term weekly rentals, come and set up your own short term rental compound with estimated average daily rates @ $50.00 - $100.00 +/. Want another reason to look, owner will consider "owner financing" and/or selling off less then all four homes. There are just not many opportunities in the City of Sarasota to secure rezoned lands with the ability to use the current as-is property to secure carry income while waiting for the right timing to develop. The upside development in the Rosemary Zoning District: up to 7-stories with up to 30+ units. Property is very easy to show, sign is on site! NOTE: another contiguous parcel - rental home available for discussion. NOTE: future development plans viable on request!

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
32
Number of bathrooms
16
Square feet
3,705
Lot size (acres)
0.14
Year built
1926

Interior features

Basement
Yes
Laundry
Other, Inside, Laundry Room

Exterior features

Area amenities
Golf Course

Utilities

Heating
Electric, Heat Pump, Other, Zoned
Cooling
Other, Central Air, Zoned
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$5,845.96

Public schools

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Sourced from: Stellar MLS MLS®#: A4699070 Last checked:

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