530 Gillespie Ave, Sarasota, Florida

  • MLS #: A4586971
  • Price: $819,000
  • Beds: 4
  • Square Feet: 1700
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  • City: SARASOTA
  • Zip Code: 34236
  • Subdivision: CHARLES L KNIGHT SUB
  • Year Built: 1950
  • Status: Active
  • DOM: 441 days
  • Lot Size: 0 to less than 1/4

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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.

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    • Miscellaneous Info

    • Subdivision: Charles L Knight Sub
    • Annual Taxes: $5,943
    • Lot Size: 0 to less than 1/4
    • Schools

    • Elementary: Alta Vista Elementary
    • High School: Booker High
    • Home Features

    • Appliances: Range, Refrigerator
    • Air Conditioning: Central Air
    • Exterior: Other

    Listing data source: MFRMLS - IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

    Thanks to PREMIER SOTHEBYS INTL REALTY for this listing.

    Last Updated: 01-15-2025