Multifamily building nets $530,000

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A nearly 100-year-old multifamily building near downtown Sarasota has sold for $530,000.

A local company bought the five-unit property at 525 Rawls Ave. in the Laurel Park neighborhood.

The 1,316-square-foot building, built in 1920, contains four studio units and a single one-bedroom, one-bath unit. Each unit has a personal patio and shares a ground floor courtyard.

The property had been listed for $595,000 since last year.

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