Prime Redevelopment Opportunity in Gillespie Park Currently configured as a duplex, this property offers excellent potential to be transformed into a spacious single-family home or an income-generating multifamily residence. Located in the desirable Gillespie Park neighborhood, just north of downtown Sarasota, this DTN-zoned lot is ideal for investors or homeowners seeking value and location. Each unit features 2 bedrooms and 1 bathroom, with individual water and electric meters and in-unit laundry. One unit is currently leased month-to-month at $1,600, while the other is vacant and undergoing renovation—offering immediate upside potential. Don't miss this chance to invest in one of Sarasota's most sought-after neighborhoods with strong rental demand and future development promise.
Furnished Remarks:
Unfurnished
Laundry Remarks:
Laundry Closet
Subdivision:
SCHINDLER SUB
Cooling:
Wall/Window Unit(s)
Utilities
Cable Connected, Electricity Connected
Appliances:
Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
Min Lease Term:
No Minimum
1726 8TH STREET, Sarasota, FL, 34236
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
