Sold for $1,035,000

$1,035,000

525 Rawls Ave, Sarasota, FL 34236

1beds

5baths

1,316sqft

Multi Family

Built in 1920

-- sqft lot

$1,009,600 Zestimate^®

$786/sqft

$-- Estimated rent

Home value

$1,009,600

$919,000 - $1.11M

Not available

Zestimate^® history

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$6,597/mo

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$6,597/mo

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What's special

Renovated with new kitchensNew mini-split ac systemsLarge private terraces

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 5

Heating

Electric

Cooling

Ductless

Appliances

Laundry: Common Area, Electric Dryer Hookup, Laundry Room, Washer Hookup

Features

Ceiling Fan(s), Open Floorplan
Has fireplace: No

Interior area

Total interior livable area: 1,316 sqft

Property

Features

Exterior features: Balcony, Courtyard, Lighting, Sidewalk, Storage
Fencing: Fenced

Lot

Size: 3,952 Square Feet

Details

Parcel number: 2027100039
Zoning: RSM9
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Block, Brick, Stucco, Wood Frame
Foundation: Slab
Roof: Membrane

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected

Community & HOA

Community

Pet fee: $0 monthly
Subdivision: BURNS REALTY

HOA

Has HOA: No

Location

Region: Sarasota

Financial & listing details

Price per square foot: $786/sqft
Annual tax amount: $12,863
Date on market: 4/23/2025
Cumulative days on market: 89 days
Ownership: Fee Simple
Total actual rent: 0
Electric utility on property: Yes
Road surface type: Asphalt

Price history

Date	Event	Price
9/24/2025	Sold	$1,035,000-10%$786/sqft
Source: Stellar MLS #A4650013 Report a problem
7/24/2025	Pending sale	$1,150,000$874/sqft
Source: Stellar MLS #A4650013 Report a problem
4/23/2025	Listed for sale	$1,150,000$874/sqft
Source: Stellar MLS #A4650013 Report a problem