Description
Exciting opportunity to invest in the ROSEMARY RESIDENTIAL OVERLAY DISTRICT! This historical complex, built in 1925 is located within minutes from Sarasota Bay, in a rapidly developing area of luxury apartments and condominiums. THERE IS NOW A TREMENDOUS ADVANTAGE AND BONUS TO THE OWNERSHIP OF THIS HISTORICAL HOME DESIGNATION. City of Sarasota will allow development of an additional 20 units to the parking lot area ( 42 parking spots). Allowing for a possible total of 95 units, 8 rented below market value. PER CITY OF SARASOTA. Current use of this unique and charming 4 building, 5 UNIT complex is housing rental. Each of the 5 units contain shared kitchens and baths and there is , in addition a yoga studio which can be converted into available housing. Currently there are 13 tenants enjoying the pulse and vitality, and in-town dynamics that the complex has to offer.
Location
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided by My Florida Regional MLS DBA Stellar MLS for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Updated: 30th January, 2023 4:50 PM (UTC)
Listing Agent: Lesley Melahn
Listing Office: RE/MAX ALLIANCE GROUP
Attribution contact: 941-473-8484
