Nestled in the heart of Sarasota, this charming 1935 single family home with studio apartment and cottage is a Craftsman gem. This is a rare opportunity to own a home and income producing property on a generous sized lot of over an acre - 51,381 square feet to be exact in city limits. The property offers steady cash flow and has potential for expansion. The main house could be owner occupied with the attached studio and detached cottage continuing as rentals. The floor plan of the main house was lightly altered allowing for easy reincorporation of the studio apartment into the family home. The sun-dappled spacious lot offers the possibility of development for future homes or the perfect site for multi-generational living. The options are almost endless. From the moment you enter the grounds, you will feel at peace. Entering the front door of the main house, there is a sizeable living space with an adjacent private screened porch overlooking a fenced yard with park-like setting of mature trees and plantings. Enjoy the sunny, cheerful rooms with a quirky, bohemian feel making it impossible not to smile. The blend of old and new makes this home warm and inviting. At present, the main home is being left vacant for showing purposes. Attached to the main house with its own private entrance is the studio apartment. This sweet space is currently leased. The attached studio with an open floor plan has its own screened porch that includes the shared laundry for the main house and studio. Behind the main house is an adorable detached cottage with an even more adorable screened porch of its own. The cottage has one bedroom and one bath with a private, fenced yard and its own laundry. The cottage is currently leased. The abundance of character and charm engage your senses. Behind all of this you can enjoy all nature has to offer in your very own private wooded Old Florida refuge which abuts the city owned Water Tower Park. The driveway is ample providing plenty of room for parking of several cars, RV's, toys, boats, etc. Easy commute to downtown, beaches, colleges, Ringling, airport, restaurants, shopping and much more. There are no HOA or deed restrictions. The property is located in the city limits allowing for short term rentals. Note: Tax records show "Property Use: 082X - 2 Family & Other Bldg Total Living Units: 3" Come see this excellent investment opportunity in an ideal location with a fabulous earning capacity.