525 Rawls Ave, Sarasota, Florida
List Price: $1,150,000
MLS Number: A4650013

  • Status: Active
  • DOM: 16 days
  • Square Feet: 1316
  • City: SARASOTA
  • Zip Code: 34236
  • Year Built: 1920
Investor's Dream - 5-Unit Rental Gem! High ROI potential, zoned for weekly rentals. Welcome to a rare opportunity to own a cash-flowing multifamily building perfectly positioned to capitalize on the booming short-term rental market. 4 of the 5 Units have been renovated with new kitchens. All 5 units have new mini-split AC systems and have large private terraces.One unit is turnkey furnished with proven revenue history in this high-demand area! The other 4 apartments are currently rented to annual tenants, but could easily be converted to short-term rental units. There are also 10 mini garage units that are leased to tenants for storage at an average of $125/month.Location, Location, Location: This Laurel Park location is minutes from downtown, the entertainment venues and restaurants of Burns Court, and other cultural hotspots. This prime income property is ready for a new owner to step in and start earning from day one. Pro-forma statement available upon request.

Misc Info

Subdivision: Burns Realty

Annual Taxes: $12,863

Lot Size: 0 to less than 1/4

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    Home Features

    Air Conditioning: Ductless

    Exterior: Balcony, Courtyard, Fence, Lighting, Sidewalk, Storage

    Room Dimensions

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    • Walk Score
    • Street View