$70,000 price reduction!!!! Looking for a little history, a quaintness, a walkable neighborhood? Looking to live in one unit and rent the other? Looking for a wonderful investment? This is it. This wonderful duplex is located in Gillespie Park. Gillespie Park is a square mile grid of duplexes and brightly vibrant cottages. Walk to the 10-acre park complete with tennis courts, lake with ducks to feed and even a dog park. Instead of commercial activity at its center, it’s all around the edges. The south end of downtown with all its amenities literally across the street. The west end is the hip new Rosemary District. The east end, you’ll find a little bit of everything. So who lives in Gillespie Park? They’re a mixed crew of newcomers and longtime Sarasotans, all of whom revel in the atmosphere of diversity and progressive thought. The real charm here is this duplex. These mirror-image, 850 sf each side, two-bedroom, two-bath, coastal-modern units have been completely updated. Each unit has a laundry area and ample outdoor living space. Long-term tenant on 522side in place at $2,500/month. 530 side is available for an owner occupant or tenant. Projected NOI is $52k yielding a 6% cap rate when both sides rented out. Seller wants to Buyer to know that the lot can be divided.

Listing courtesy of PREMIER SOTHEBYS INTL REALTY 9413131301



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Last checked: 2025-04-04 04:43 PM EDT