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1664 9th St - The Gables of Gillespie in Sarasota, FL 3 Unit Apartment Building Offered at $475,000 at a 6.63% Cap Rate Sarasota, FL 34236
Investment Highlights
- Located near Sarasota Military Academy property which is for sale.
- 3 Income producing units & owner may consider seller financing.
- DTN zoning which allows for many possible redevelopment uses.
Executive Summary
Three income producing units at The Gables of Gillespie allow for
investor returns and long term growth.
While the property is well maintained and can be utilized as rental
units moving forward, the DTN zoning allows for a lot of possible
uses in redevelopment scenarios.
investor returns and long term growth.
While the property is well maintained and can be utilized as rental
units moving forward, the DTN zoning allows for a lot of possible
uses in redevelopment scenarios.
Property Facts
| Price | $475,000 | Lot Size | 0.11 AC |
| Price Per Unit | $158,333 | Building Size | 1,743 SF |
| Sale Type | Investment | Average Occupancy | 67% |
| Cap Rate | 6.63% | No. Stories | 1 |
| No. Units | 3 | Year Built | 1950 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | DTN - DTN - DOWNTOWN NEIGHBORHOOD | ||
| Price | $475,000 |
| Price Per Unit | $158,333 |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.11 AC |
| Building Size | 1,743 SF |
| Average Occupancy | 67% |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | DTN - DTN - DOWNTOWN NEIGHBORHOOD |
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Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2026-02-0064 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $327,384 |
Property Taxes
Parcel Number
2026-02-0064
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$327,384
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Contact the Sale Advisor
1664 9th St - The Gables of Gillespie in Sarasota, FL