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628 N ORANGE AVENUE

Multi-family For Sale
$3,250,000

BTC: 32.67974185

ETH: 950.29239766

118 days
7 bds
3,396 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the Density Bonus program, which qualifies for the development of up to 34 units and commercial space. The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene pebble tech swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other structures, or explore the potential to develop new in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to Downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.

Location

Florida • SARASOTA • 34236 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1926
Lot:
0.69 Acres
Heating:
Central / Electric
Price/sqft:
$957
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Other

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 7

  • Property

    • Pool Private: Yes

    • Exterior Features: Awning(s) / Courtyard / Fenced / Lighting / Private Mailbox / Sidewalk

    Lot

    • Lot: 0.69 Acres

    Other Property Information

    • Parcel Number: 2026070060

    • Zoning: DTN

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Available

    • Electricity Available

    • Electricity Connected

    • Natural Gas Available

    • Natural Gas Connected

    • Other

    • Public

    • Sewer Available

    • Sewer Connected

    • Water Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,167

  • Source details

    • MLS ID: A4618354

    Other facts

    • Construction Materials: Block / Other / Stucco / Wood Siding

    • Foundation Details: Block / Crawlspace / Other / Slab

    • Laundry Features: Laundry Room

    • Pool Features: In Ground

    • Living Area: 3396

    • Water Source: Public

    • Lot Size Dimensions: 100 x 129

    • Subdivision Name: HALLS SUB JAMES S

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: HARRY ROBBINS ASSOC INC