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34236 (Sarasota, FL)

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$2,090,000

1840 Morrill St Sarasota, FL 34236
21,178 Sq. Ft
Courtesy Of RE/MAX Alliance Group
MLS# A3994113
PROPERTY DESCRIPTION: 
22 Unit complex available in downtown Sarasota, 21, 2 Bedroom and 2 Bath with 962 SF each. 1, one bedroom one bath unit that backs up to the Laundry room and Electric meter room. This 2 story complex fronts on Morrill St and backs up to Hawkins Court. Directly South of Towles Court. Two blocks South of Ringling Blvd. There are 3 buildings. Court yard between the buildings. Two of the units need to be converted back into apartments, presently one is a Office and the other is a Kitchen. This is ideal for some buyer to convert this into a Condominium project. Wonderful upside. In the process of obtaining a rent role.
FEATURES:
Age: 21-30 Years Old
Architecture Style: Other
Cooling System: Central A/C
Exterior Type: Block, Stucco
Roof Type: Composition Shingle

$2,090,000

1840 Morrill St Sarasota, FL 34236
21,178 Sq. Ft
Courtesy Of RE/MAX Alliance Group
MLS# A3994113
PROPERTY DESCRIPTION: 
22 Unit complex available in downtown Sarasota, 21, 2 Bedroom and 2 Bath with 962 SF each. 1, one bedroom one bath unit that backs up to the Laundry room and Electric meter room. This 2 story complex fronts on Morrill St and backs up to Hawkins Court. Directly South of Towles Court. Two blocks South of Ringling Blvd. There are 3 buildings. Court yard between the buildings. Two of the units need to be converted back into apartments, presently one is a Office and the other is a Kitchen. This is ideal for some buyer to convert this into a Condominium project. Wonderful upside. In the process of obtaining a rent role.
FEATURES:
Age: 21-30 Years Old
Architecture Style: Other
Cooling System: Central A/C
Exterior Type: Block, Stucco
Roof Type: Composition Shingle
MLS# A3995745
PROPERTY DESCRIPTION: 
This incredible investment property has an oversized lot with 19,400+/- square feet, 3 separate bungalows each having a unique style with tenants in place. Just a 5 minute walk to Main St and Sarasota Bay. Whether you want to live on site and rent the other 2 units out or are just looking for a great investment property this is for you. The two units in the front have a similar floor plan each at 720+/- sq ft. The third cottage in the back is 750+/- sq ft. Zoned (DTN) Downtown Neighborhood this property can have up to 6 units on the lot, and COMES WITH PLANS TO ADD 3 NEW COTTAGES one being 600 sq ft and the other two being 828 sq ft. The current estimated cap rate is 5% and adding the 3 additional buildings will bring your estimated cap rate to 9% This is an Incredible investment opportunity with so much to offer. Tax record says Year Built 1932 & eff 1980. Please view the interior photos; units are updated & gorgeous *
FEATURES:
Age: Over 50 Years Old
Amenities: Deck, Porch, Patio
Appliances: Range, Refrigerator
Architecture Style: Other
Cooling System: Central A/C
Floor Covering: Vinyl, Wood
Roof Type: Composition Shingle
MLS# A3995745
PROPERTY DESCRIPTION: 
This incredible investment property has an oversized lot with 19,400+/- square feet, 3 separate bungalows each having a unique style with tenants in place. Just a 5 minute walk to Main St and Sarasota Bay. Whether you want to live on site and rent the other 2 units out or are just looking for a great investment property this is for you. The two units in the front have a similar floor plan each at 720+/- sq ft. The third cottage in the back is 750+/- sq ft. Zoned (DTN) Downtown Neighborhood this property can have up to 6 units on the lot, and COMES WITH PLANS TO ADD 3 NEW COTTAGES one being 600 sq ft and the other two being 828 sq ft. The current estimated cap rate is 5% and adding the 3 additional buildings will bring your estimated cap rate to 9% This is an Incredible investment opportunity with so much to offer. Tax record says Year Built 1932 & eff 1980. Please view the interior photos; units are updated & gorgeous *
FEATURES:
Age: Over 50 Years Old
Amenities: Deck, Porch, Patio
Appliances: Range, Refrigerator
Architecture Style: Other
Cooling System: Central A/C
Floor Covering: Vinyl, Wood
Roof Type: Composition Shingle
MLS# A3979912
PROPERTY DESCRIPTION: 
Excellent location, income and development opportunity. Great income on a prime corner lot that is directly across from 10 acre Gillespie Park. This property also has great long term potential as it may be subdivided into three buildable lots. Gillespie Park is one of the last value propositions for downtown living. Values are rising and absorption is rapid. Get in while you still can.
FEATURES:
Age: Over 50 Years Old
Amenities: Mother In Law Suite, Sports Court
Appliances: Range, Refrigerator
Architecture Style: Other
Cooling System: Central A/C, Window Unit(s) A/C
Floor Covering: Tile - Ceramic, Wood
Roof Type: Metal
View Type: Park

34236 (Sarasota, FL) Real Estate & Homes for Sale - 5 Listings Found

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