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Gillespie Park Tropical Paradise 2 1677 4th St

4 Unit Block of Flats £888,761 (£222,190/Unit) Sarasota, FL 34236

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Investment Highlights

Tropical paradise setting with bamboo
Walk to downtown Sarasota
Live here and manage studio appartments and property next door

Lush landscaping
Airbnb potential
Two properties being sold together. See 1663 4th St. listing

Executive Summary

INVESTOR ALERT! This opportunity does not come along often! Located in one of the most charming neighborhoods in DOWTOWN SARASOTA!Gillespie Park is within walking distance to all that Downtown has to offer. A plethora of shopping/dining options and a short distance to BayfrontPark, Marina Jack, Main St., Van Wezel, the Airport and much more! This parcel includes a 2/1 main home plus 3 studio apartments - 4 Units total - endless opportunities await! Units offer classic charm, including a brick fireplace in the main home, front porch, original hardwoodflooring, Florida landscape, and more. New Metal Roof in 2021 for the back building and 2022/2023 for the front! Outside is a tropical oasis with lush landscaping, bamboo and great character. Zoned DTN. Reach out today for more information on this incredible opportunity and to see foryourself. NOTE. This property is being offered as a package along with 1663 4th St. for an additional $849,000. See separate listing.

1677 4th St Sarasota FL 34236 (1) flyer - Copy

1663 4th St Sarasota FL 34236 (1) flyer

Property Facts

Price	£888,761	Property Subtype	Apartment
Price Per Unit	£222,190	Lot Size	0.23 AC
Sale Type	Investment	Building Size	3,296 SF
Sale Conditions	Portfolio Sale	Number of Floors	2
No. Units	4	Year Built	1924
Property Type	Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£888,761
Price Per Unit	£222,190
Sale Type	Investment
Sale Conditions	Portfolio Sale
No. Units	4
Property Type	Residential
Property Subtype	Apartment
Lot Size	0.23 AC
Building Size	3,296 SF
Number of Floors	2
Year Built	1924
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.