Type: Company
Price: $2,990,000
Location: Sarasota, Florida
Address: 830 CENTRAL AVENUE, Sarasota, FL, 34236
Zip: 34236
Size: 7955 square feet
Property size: 33982 square feet
Condition: Used
For sale by: Broker
Agent: Lesley Melahn
Exciting opportunity to invest in the ROSEMARY RESIDENTIAL OVERLAY DISTRICT!
This historical complex, built in 1925 is located within minutes from Sarasota Bay, in a rapidly developing area of luxury apartments and condominiums. THERE IS NOW A TREMENDOUS ADVANTAGE AND BONUS TO THE OWNERSHIP OF THIS HISTORICAL HOME DESIGNATION. City of Sarasota
will allow development of an additional 20 units to the parking lot area ( 42 parking spots). Allowing for a possible total of 95 units, 8 rented below market value. PER CITY OF SARASOTA. Current use of this unique and charming 4 building, 5 UNIT complex is housing rental.
Each of the 5 units contain shared kitchens and baths and there is , in addition a yoga studio which can be converted into available housing. Currently there are 13 tenants enjoying the pulse and vitality, and in-town dynamics that the complex has to offer. Copyright © 2023 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.