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Jens And Bethany Behrmann

bethany.behrmann@engelvoelkers.com +1(941) 294-7720

$ 775,000

Est. payment -/mo

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Price Dropped by $14K

432 ADELIA AVE Sarasota, FL 34236

4 Beds

4 Baths

2,063 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,063 sqft

Price per Sqft $375

Subdivision Pritchard Frank

MLS Listing ID A4651104

Bedrooms 4

HOA Y/N No

Year Built 1932

Annual Tax Amount $7,585

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 50x96

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

Charming Fourplex in the Heart of Gillespie Park! This 4-unit property is bursting with character and income potential. Featuring a 2/1, two 1/1s, and a detached efficiency, all with great tenants on month-to-month leases who'd love to stay. Rents are strong and steady, with room to grow—especially if you incorporate the detached unit's storage space as an extra bedroom (or possibly reconfigure it to a 2/1)! Rents are currently $1,850 2/1, $1,595 1/1, $1,445 1/1, and $1,295 efficiency. The roof is from 2019 (nice!). The Gillespie Park neighborhood is becoming one of Sarasota's most vibrant spots - just steps away from downtown restaurants and shops and the Rosemary District. Multimillion-dollar homes are beginning the line the streets and the area will continue to revitalize. Easy walking distance to the exciting new Sarasota Bay Park, currently under development. Your tenants don't even need a car if they work downtown. This is the perfect opportunity to get into this neighborhood before it hits its peak! Zoned DTN, this lot has development flexibility with room for up to 12 units per acre. Whether you're an investor looking to expand your portfolio or perhaps want a fabulous location for your next dream home, this property checks the boxes with a wink and a smile.

Location

State FL

County Sarasota

Community Pritchard Frank

Area 34236 - Sarasota

Zoning DTN

Interior

Interior Features Ceiling Fans(s)

Heating Electric, Ductless

Cooling Wall/Window Unit(s)

Fireplace false

Laundry None

Exterior

Exterior Feature Other

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Stilt/On Piling

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Frame,Wood Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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Listed by COASTAL CONNECTION REALTY

Jens And Bethany Behrmann

Advisor | License ID: 3565105

+1(941) 294-7720

Jens And Bethany Behrmann

432 ADELIA AVE Sarasota, FL 34236

Key Details

Location

Interior

Exterior

Building

Others

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432 ADELIA AVE