503 N Osprey Ave, Sarasota, FL, 34236
$392/sqft·Central Park
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At a glance
About this home
503 N Osprey Ave is a 1949-built home in Central Park Sub, Sarasota. Inside you'll find 6 bedrooms, 5 bathrooms, and 2,958 square feet of living space. Listed at $1,159,999 (about $392/sqft), 240 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value, 3 are month to month and 2 have a 1 year lease. City zoning allows weekly rentals. Purchase and earn rental income OR develop in DTN zoning. Common area laundry as an amenity for tenants. Bldg #1 has 2 units, each are 1 bedroom/1 bath. Bldg 2 has 2 units, each are 2 bedroom/1 bath. Bldg #3 is the cottage/studio. This property is in fast growing downtown Sarasota a few blocks to Main Street with downtown restaurants, shops and bars. 2 blocks from Sarasota City park with tennis courts, playground and dog park all situated around a lake! Many multimillion dollar homes and deluxe condo developments in and surrounding Gillespie Park. Close to beaches and beautiful Sarasota Bay. Investment property with huge income potential and huge future DTN development. Seller is offering owner/seller financing to prospective buyers in the amount of 40% of purchase price. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.
The essentials
Location
Annual Tax (2024)
$8,951
Parcel #
2026100018
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Subdivision
Central Park Sub
County
Sarasota
MLS Area
34236 - Sarasota
Lot Size
10,009 sqft
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
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