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For sale
  • $1,150,000

    525 Rawls Ave, Sarasota, FL 34236

    1beds
    5baths
    1,316sqft
    : 
    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $874/sqft
    $-- HOA

    What's special

    Renovated with new kitchensNew mini-split ac systemsLarge private terraces
    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.
    2 days
    on Zillow
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    238
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    15
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    Zillow last checked: 7 hours ago

    Listing updated: April 24, 2025 at 02:31am

    Listing Provided by:

    Timothy Bloch 941-504-1111,

    QUEST PROPERTIES INC 941-504-1111

    Source: Stellar MLS,MLS#: A4650013MLS LogoOriginating MLS: Sarasota - Manatee

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    We’ll find a local expert to take you on a private tour of 525 Rawls Ave.

    Next available tour time:Today at 2:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 5
    Heating
    • Electric
    Cooling
    • Ductless
    Appliances
    • Laundry: Common Area, Electric Dryer Hookup, Laundry Room, Washer Hookup
    Features
    • Ceiling Fan(s), Open Floorplan
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,316 sqft
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    Property

    Features
    • Exterior features: Balcony, Courtyard, Lighting, Sidewalk, Storage
    • Fencing: Fenced
    Lot
    • Size: 3,952 Square Feet
    Details
    • Parcel number: 2027100039
    • Zoning: RSM9
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block, Brick, Stucco, Wood Frame
    • Foundation: Slab
    • Roof: Membrane
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected

    Community & HOA

    Community
    • Subdivision: BURNS REALTY
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $874/sqft
    • Annual tax amount: $12,863
    • Date on market: 4/23/2025
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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