Bought with COLDWELL BANKER REALTY
$1,035,000
$1,150,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
525 RAWLS AVE Sarasota, FL 34236
1,316 SqFt
Key Details
Sold Price $1,035,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,316 sqft
Price per Sqft $786
Subdivision Burns Realty
MLS Listing ID A4650013
Sold Date 09/24/25
HOA Y/N No
Year Built 1920
Annual Tax Amount $12,863
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi Family
Source Stellar MLS
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.
Location
State FL
County Sarasota
Community Burns Realty
Area 34236 - Sarasota
Zoning RSM9
Interior
Interior Features Ceiling Fans(s), Open Floorplan
Heating Electric
Cooling Ductless
Fireplace false
Laundry Common Area, Electric Dryer Hookup, Laundry Room, Washer Hookup
Exterior
Exterior Feature Balcony, Courtyard, Fence, Lighting, Sidewalk, Storage
Community Features Street Lights
Utilities Available Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Public, Sewer Connected, Water Connected
Roof Type Membrane
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Stucco,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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