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Active Income

503 N OSPREY AVENUE

Sarasota, FL 34236

STELLAR #A4674885 Updated: Jun 4, 2026, 2:08pm
$1,199,999
6 Beds • 5 Baths • 2,958 SqFt
Property
ActiveIncome
1/30
$1,199,999

503 N OSPREY AVENUE

Sarasota, FL 34236
6
Beds
5
Baths
2,958
SqFt
0.23
Acres
STELLAR
#A4674885
Updated: Jun 4, 2026, 2:08pm

Property Description

FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value. 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. 60% minimum down payment requirement. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.
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Included Appliances
RangeRefrigerator

Property Details

Highlights
View
Yes
Interior
Appliances
RangeRefrigerator
Cooling
Mini-Split Unit(s)
Flooring
LaminateTile
Furnished
Unfurnished
Heating
Electric
Interior Features
Ceiling Fan(s)Window Treatments
Laundry Features
Common Area
Living Area
2958
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Block
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Number Of Units Total
5
Property Condition
Completed
Roof
Shingle
Year Built
1949
Site & Exterior
Exterior Features
Outbuilding
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
0.23
Lot Size Area
10009
Lot Size Square Feet
10009
Lot Size Units
Square Feet
Public Survey Range
18
Public Survey Section
19
Road Responsibility
Public Maintained Road
Road Surface Type
Paved
Sewer
Public Sewer
Total Acreage
0 to less than 1/4
Utilities
Electricity ConnectedSewer ConnectedWater Connected
View
City
Water Source
Public
Zoning
DTN
Financials
Calculated List Price By Calculated Sq Ft
405.68
Contract Status Change Date
2025-12-10
Current Price
1199999
Feed Types
BBO
Lease Renewal Option
Yes
Owner Name
ON FILE
Ownership
Fee Simple
Parcel Number
2026100018
Public Survey Township
36
Tax Annual Amount
8951
Tax Block
2
Tax Book Number
1-1
Tax Legal Description
LOTS 11 & 12 BLK 2 CENTRAL PARK UNIT 1
Tax Lot
11
Tax Year
2024

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34236 - Sarasota
S W Subdiv Community Name
Central Park
Subdivision Name
CENTRAL PARK SUB
Listing provided courtesy of STELLAR via IDX. Updated: Jun 4, 2026, 2:08pm.
Patrick Ritchey

Listing Agent

RE/MAX ALLIANCE GROUP

Call Agent
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