525 Rawls Avenue, Sarasota, FL 34236
- $1,035,000
- 1,316
- SqFt
- Sold Price
- $1,035,000
- List Price
- $1,150,000
- Status
- Sold
- Days on Market
- 89
- Closing Date
- Sep 24, 2025
- MLS#
- A4650013
- Property Style
- Multi Family
- Year Built
- 1920
- Living Area
- 1,316
- Price per sq. ft.
- 873.86
- Lot Size
- 3,952
- Acres
- 0.09
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Burns Realty
- Community Name
- Laurel Park
- MLS Area Major
- Sarasota
Property Description
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.
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Additional Information
- Taxes
- $12863
- Annual Gross Income
- 100740
- Community Features
- Street Lights, No Deed Restriction
- Zoning
- RSM9
- Interior Features
- Ceiling Fans(s), Open Floorplan
- Utilities
- Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Public, Sewer Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Ductless
- Exterior Construction
- Block, Brick, Stucco, Frame
- Exterior Features
- Balcony, Courtyard, Fence, Lighting, Sidewalk, Storage
- Roof
- Membrane
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- x
- Parcel ID
- 2027100039
- Legal Description
- S 71.2 FT OF LOT 18 SUB OF LOTS 3 & 4 BLK G AKA BURNS REALTY CO RESUB OF LOTS 1 THRU 8 INC BLK G PLAT OF SARASOTA
Listing courtesy of QUEST PROPERTIES INC. 941-504-1111
Selling Office: COLDWELL BANKER REALTY.Mortgage Calculator
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