$1,150,000
PENDING

525 Rawls Ave Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated payment $7,290/month

Total Views 3,745
1 Bed
5 Baths
1,316 Sq Ft
$874 Price per Sq Ft

Highlights

  • Open Floorplan
  • No HOA
  • Courtyard
  • Southside Elementary School Rated A
  • Balcony
  • 2-minute walk to Laurel Park

About This Home

Under contract-accepting backup offers. 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.

Listing Agent

Timothy Bloch

QUEST PROPERTIES INC Brokerage Phone: 941-504-1111 License #3148982 Listed on: 04/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,863

Year Built

  • Built in 1920

Lot Details

  • 3,952 Sq Ft Lot
  • Fenced

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,316 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan

Bedrooms and Bathrooms

  • 1 Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Balcony
  • Courtyard
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Natural Gas Connected
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 18 / G
  • Assessor Parcel Number 2027100039

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Laurel Park Community
  • Burns Realty Subdivision

Additional Features

  • Laundry Facilities
  • Gross Income $100,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,863

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Construction Materials: Block, Brick, Stucco, Frame
  • Fireplace: No
  • Living Area: 1316
  • Lot Size Acres: 0.09
  • New Construction: No
  • Year Built: 1920
  • Lot Size Sq Ft: 3952
  • Directions to Property: Downtown Sarasota between Orange & Osprey. North of Oak St and South of Laurel St. At the corner of Rawls Ave & Cherry Ln
  • Status: Pending
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047414
  • RATIO Current Price By Calculate: 873.86
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 941-504-1111
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Open Floorplan
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Street Number Modifier: 525
  • Living Area Meters: 122.26

Exterior Features

  • Exterior Features: Balcony, Courtyard, Fence, Lighting, Sidewalk, Storage
  • Roof: Membrane
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Public, Sewer Connected, Water Connected
  • Cooling: Ductless
  • Heating: Electric
  • Laundry Features: Common Area, Electric Dryer Hookup, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RSM9
  • Parcel Number: 2027100039
  • Additional Parcels: No
  • Flood Zone Code: x
  • Lot Size Square Meters: 367

Multi Family

  • Gross Income: 100740
  • Number Of Units Total: 5
  • Total Num Buildings: 1
  • Unit Count: 5

Tax Info

  • Tax Annual Amount: 12863.4
  • Tax Block: G
  • Tax Book Number: A-35
  • Tax Lot: 18

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Pending -- -- --
04/23/2025 04/23/25 For Sale $1,150,000 -- $874 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: A4650013

Stellar MLS

APN: 2027-10-0039

Florida Sarasota County Sarasota 34236 Downtown Sarasota

525 Rawls Ave, Sarasota, FL

This home is located at 525 Rawls Ave, Sarasota, FL 34236 and is currently priced at $1,150,000, approximately $873 per square foot. This property was built in 1920. 525 Rawls Ave is a home located in Sarasota County with nearby schools including Southside Elementary School, Booker Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes
Listing Agent
Timothy Bloch
Section Image
QUEST PROPERTIES INC
(941) 415-6834