About 530 Gillespie Avenue
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 colored 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 tenants are in place at $2,500/month each side. NOI is $52k yielding a 6% cap rate.
Features of 530 Gillespie Avenue
| MLS® # | A4561509 |
|---|---|
| Price | $849,900 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 1,700 |
| Acres | 0.20 |
| Year Built | 1950 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
| HOA Fees | $0 |
| Has CDD | N |
| Property Taxes | $5,943 |
Rentals Section
| Mininum Lease | 1 Week |
|---|
Community Information
| Address | 530 Gillespie Avenue |
|---|---|
| Area | Sarasota |
| Subdivision | CHARLES L KNIGHT SUB |
| City | SARASOTA |
| County | Sarasota |
| State | FL |
| Zip Code | 34236 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Ceiling Fans(s) |
|---|---|
| Appliances | Range, Refrigerator |
| Heating | Central, Electric |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Shingle |
| Foundation | Slab |
School Information
| Elementary | Alta Vista Elementary |
|---|---|
| Middle | Booker Middle |
| High | Booker High |
Additional Information
| Date Listed | February 20th, 2023 |
|---|---|
| Days on Market | 103 |
| Zoning | DTN |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | PREMIER SOTHEBYS INTL REALTY |
|---|