503 N OSPREY AVENUE, Sarasota, Sarasota, FL, 34236, Residential Income, 6, 5, c149f02559d0f7c5504fe48028114f7c, A4674885,503,OSPREY
- $1,159,999
503 N OSPREY AVENUE, Sarasota, Sarasota, FL, 34236, Residential Income, 6, 5, c149f02559d0f7c5504fe48028114f7c, A4674885,503,OSPREY
- $1,159,999
Overview
- Multi Family (5+)
- 6
- 2958 Square Feet
- 1949
Description
FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value, 3 are month to month and 2 have a 1 year lease. City zoning allows weekly rentals. Purchase and earn rental income OR develop in DTN zoning. Common area laundry as an amenity for tenants. Bldg #1 has 2 units, each are 1 bedroom/1 bath. Bldg 2 has 2 units, each are 2 bedroom/1 bath. Bldg #3 is the cottage/studio. This property is in fast growing downtown Sarasota a few blocks to Main Street with downtown restaurants, shops and bars. 2 blocks from Sarasota City park with tennis courts, playground and dog park all situated around a lake! Many multimillion dollar homes and deluxe condo developments in and surrounding Gillespie Park. Close to beaches and beautiful Sarasota Bay. Investment property with huge income potential and huge future DTN development. Seller is offering owner/seller financing to prospective buyers in the amount of 40% of purchase price. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.
Address
Open on Google Maps-
Address: OSPREY
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City: SARASOTA
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State/county: Sarasota
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Zip/Postal Code: 34236
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Area: CENTRAL PARK SUB
Details
Updated on September 14, 2026 at 11:04 pm-
Property ID A4674885
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Price $1,159,999
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Property Size 2958 Square Feet
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Land Area 0.23 Square Feet
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Bedrooms 6
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Year Built 1949
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Property Type Multi Family (5+)
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Property Status Residential Income
Additional details
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ConstructionMaterials Block
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ContractStatusChangeDate 2025-12-10
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Cooling Mini-Split Unit(s)
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CumulativeDaysOnMarket 240
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DaysOnMarket 240
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Directions Downtown Corner of Osprey Ave and 5th Street
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Flooring Laminate, Tile
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FoundationDetails Slab
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Furnished Unfurnished
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Heating Electric
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InternetAddressDisplayYN 1
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InternetEntireListingDisplayYN 1
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LaundryFeatures Common Area
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ListAOR Sarasota - Manatee
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ListAgentAOR Sarasota - Manatee
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ListAgentEmail teamritchey@verizon.net
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ListAgentFullName Patrick Ritchey
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ListAgentKey 19e3d852a7a49b8cfb05b06561593bf1
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ListAgentMlsId 281503622
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ListAgentPreferredPhone 941-284-7287
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ListOfficeKey 969442852c9ae7425c09563f63f2a056
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ListOfficeMlsId 281518938
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ListOfficeName RE/MAX ALLIANCE GROUP
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ListOfficePhone 941-954-5454
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ListingContractDate 2025-12-10
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ListingTerms Cash, Owner May Carry
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LivingAreaSource Public Records
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LotSizeArea 10009
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LotSizeSquareFeet 10009
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MLSAreaMajor 34236 - Sarasota
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MlsStatus Active
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ModificationTimestamp 2026-09-14T21:12:10.413Z
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NumberOfBuildings 3
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NumberOfUnitsTotal 5
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OnMarketDate 2025-12-10
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OriginalEntryTimestamp 2025-12-10T21:19:27.720Z
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OriginalListPrice 1299999
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OriginatingSystemKey stellar
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OriginatingSystemName Stellar MLS
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Ownership Fee Simple
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ParcelNumber 2026100018
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PhotosChangeTimestamp 2025-12-10T21:23:58.550Z
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PhotosCount 30
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PostalCodePlus4 5027
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PriceChangeTimestamp 2026-07-16T12:51:40.087Z
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PropertyCondition Completed
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RoadSurfaceType Paved
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Roof Shingle
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Sewer Public Sewer
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SourceSystemKey 776999698
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SpecialListingConditions None
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StateOrProvince FL
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StatusChangeTimestamp 2026-09-14T21:08:48.203Z
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StreetDirPrefix N
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StreetName OSPREY
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StreetNumber 503
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StreetNumberNumeric 503
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StreetSuffix AVENUE
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TaxAnnualAmount 8951
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TaxBlock 2
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TaxBookNumber 1-1
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TaxLegalDescription LOTS 11 & 12 BLK 2 CENTRAL PARK UNIT 1
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TaxLot 11
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TaxYear 2024
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Utilities Electricity Connected, Sewer Connected, Water Connected
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View City
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WaterSource Public
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Zoning DTN
Mortgage Calculator
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Down Payment
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