525 Rawls Avenue
Sarasota, FL 34236
- – beds
- – baths
- 1,316 sqft
- 3,952 sqft lot
- $873 per sqft
- 1920 build
- – on site
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.
Last checked:
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Last updated Apr 24, 2025
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MLS# A4650013 —
The Building
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Year Built:1920
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New Construction:false
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Construction Materials:Block
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Roof:Membrane
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Foundation Details:Slab
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# of Buildings:1
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Building Area Units:Square Feet
Interior
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Interior Features:Ceiling Fan(s)
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Fireplace:false
Room Dimensions
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Living Area:1316
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:Downtown Sarasota between Orange & Osprey. North of Oak St and South of Laurel St. At the corner of Rawls Ave & Cherry Ln
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Latitude:27.332145
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Longitude:-82.537775
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Coordinates:-82.537775, 27.332145
The Property
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Parcel Number:2027100039
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Property Type:Residential Income
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Property Subtype:Multi Family
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Lot Size Acres:0.09
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Lot Size Area:3952
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Lot Size SqFt:3952
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:RSM9
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View:false
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Exterior Features:Balcony
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Water Source:Public
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Road Surface Type:Asphalt
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Flood Zone Code:x
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Additional Parcels:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (941) 504-1111
- Office phone:
- (941) 504-1111
Taxes
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Tax Year:2024
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Tax Lot:18
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Tax Block:G
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Tax Legal Description:S 71.2 FT OF LOT 18 SUB OF LOTS 3 & 4 BLK G AKA BURNS REALTY CO RESUB OF LOTS 1 THRU 8 INC BLK G PLAT OF SARASOTA
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Tax Book Number:A-35
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Tax Annual Amount:$12,863.40
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/A4650013
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Special Listing Conditions:None
Heating & Cooling
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Heating:Electric
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Heating:true
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Cooling:Mini-Split Unit(s)
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Cooling:true
Utilities
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Utilities:Cable Connected
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Sewer:Public Sewer
Appliances
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Laundry Features:Common Area
The Community
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Subdivision Name:BURNS REALTY
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Senior Community:false
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Waterview:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:false
Extra Units
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# of Units Total:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/23/25
Apr 23, 2025
|
Listed / Active | STELLAR_MLS | $1,150,000 |
