Gillespie Park Tropical Paradise 2 | 1677 4th St
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Gillespie Park Tropical Paradise 2 1677 4th St
4 Unit Apartment Building $1,125,000 ($281,250/Unit) Sarasota, FL 34236
Investment Highlights
- Tropical paradise setting with bamboo
- Walk to downtown Sarasota
- Live here and manage studio appartments and property next door
- Lush landscaping
- Airbnb potential
- Two properties being sold together. See 1663 4th St. listing
Executive Summary
INVESTOR ALERT! This opportunity does not come along often! Located in one of the most charming neighborhoods in DOWTOWN SARASOTA!Gillespie Park is within walking distance to all that Downtown has to offer. A plethora of shopping/dining options and a short distance to BayfrontPark, Marina Jack, Main St., Van Wezel, the Airport and much more! This parcel includes a 2/1 main home plus 3 studio apartments - 4 Units total - endless opportunities await! Units offer classic charm, including a brick fireplace in the main home, front porch, original hardwoodflooring, Florida landscape, and more. New Metal Roof in 2021 for the back building and 2022/2023 for the front! Outside is a tropical oasis with lush landscaping, bamboo and great character. Zoned DTN. Reach out today for more information on this incredible opportunity and to see foryourself. NOTE. This property is being offered as a package along with 1663 4th St. for an additional $849,000. See separate listing.
Property Facts
| Price | $1,125,000 | Property Subtype | Apartment |
| Price Per Unit | $281,250 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,296 SF |
| Sale Conditions | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 4 | Year Built | 1924 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $1,125,000 |
| Price Per Unit | $281,250 |
| Sale Type | Investment |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.23 AC |
| Building Size | 3,296 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Hardwood Floors
- Garden
- Porch
Site Amenities
- 24 Hour Access
- Courtyard
- Guest Apartment
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 2026-10-0074 | Improvements Assessment | $178,700 |
| Land Assessment | $400,600 | Total Assessment | $579,300 |
PROPERTY TAXES
Parcel Number
2026-10-0074
Land Assessment
$400,600
Improvements Assessment
$178,700
Total Assessment
$579,300
zoning
| Zoning Code | DTN (Downtown Neighborhood.) |
| DTN (Downtown Neighborhood.) |
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Gillespie Park Tropical Paradise 2 | 1677 4th St
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