628 N ORANGE AVE Active Save Request In-Person Tour Request Virtual Tour
Sarasota,FL 34236
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,396 sqft
Price per Sqft $957
Subdivision Halls Sub James S
MLS Listing ID A4618354
Bedrooms 7
HOA Y/N No
Originating Board Stellar MLS
Year Built 1926
Annual Tax Amount $5,167
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 100x129
Property Description
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
State FL
County Sarasota
Community Halls Sub James S
Zoning DTN
Interior
Interior Features Built-in Features,Ceiling Fans(s),Other,Primary Bedroom Main Floor
Heating Central,Electric
Cooling Central Air
Fireplace false
Laundry Laundry Room
Exterior
Exterior Feature Awning(s),Courtyard,Fence,Lighting,Private Mailbox,Sidewalk
Pool In Ground
Utilities Available Cable Available,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Other,Public,Sewer Available,Sewer Connected,Water Available,Water Connected
Roof Type Metal,Shingle
Garage false
Private Pool Yes
Building
Foundation Block,Crawlspace,Other,Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Other,Stucco,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None