1. Florida
2. Sarasota
3. 432 ADELIA AVENUE

432 ADELIA AVENUE, Sarasota, FL 34236

• 4 beds |
• 4 baths |
• 2,063 sqft

Property Description

Charming Fourplex in the Heart of Gillespie Park! This 4-unit property is bursting with character and income potential. Featuring a 2/1, two 1/1s, and a detached efficiency, all with great tenants on month-to-month leases who’d love to stay. Rents are strong and steady, with room to grow—especially if you incorporate the detached unit’s storage space as an extra bedroom (or possibly reconfigure it to a 2/1)! Rents are currently $1,850 2/1, $1,595 1/1, $1,445 1/1, and $1,295 efficiency. The roof is from 2019 (nice!). The Gillespie Park neighborhood is becoming one of Sarasota's most vibrant spots - just steps away from downtown restaurants and shops and the Rosemary District. Multimillion-dollar homes are beginning the line the streets and the area will continue to revitalize. Easy walking distance to the exciting new Sarasota Bay Park, currently under development. Your tenants don’t even need a car if they work downtown. This is the perfect opportunity to get into this neighborhood before it hits its peak! Zoned DTN, this lot has development flexibility with room for up to 12 units per acre. Whether you’re an investor looking to expand your portfolio or perhaps want a fabulous location for your next dream home, this property checks the boxes with a wink and a smile.

Listing Status:

Active

Date Added:

May 1, 2025 at 05:00AM

Listing Office:

COASTAL CONNECTION REALTY : 941-896-9991

Listing Agent:

Randy Buff : 941-704-4310

MLS ID:

A4651104

Interior

• General: Ceiling Fan(s)
• Laundry: None
• A/C: Wall/Window Unit(s)
• Heating: ElectricWall Units / Window Unit

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Randy Buff, COASTAL CONNECTION REALTY