Features & Amenities

Interior

  • Other Interior Features

    Eat-in Kitchen, Stone Counters

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Electric, Space Heater

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding, Frame

  • Other Exterior Features

    Storage

  • Parking

    Guest, Off Street, Open

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Landscaped, Near Public Transit, Paved

  • Lot Size(acres)

    0.14

  • Lot Size(square feet)

    6065.0

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $475,000

  • Tax Amount

    $4,099.53

  • Sq. Footage

    1, 632

  • Price/SqFt

    $291

HOA

  • Association

    No

School District

  • Elementary School

    Alta Vista Elementary

  • Middle School

    Brookside Middle

  • High School

    Sarasota High

Property Features

  • New Construction

    NO

  • Foundation Details

    Pillar/Post/Pier

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    6

  • Water Source

    Public

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Location

County

Sarasota

Elementary School

Alta Vista Elementary

Middle School

Brookside Middle

High School

Sarasota High

Listing Courtesy of Sarah Allbee, PA , FIVE STAR REAL ESTATE OF FLORIDA LLC

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CASH-FLOW OPPORTUNITY! This INCOME-PRODUCING DUPLEX is already done for you and delivering strong returns with a 7% CAP RATE and SOLID ANNUAL TENANTS IN PLACE. The property has been BEAUTIFULLY UPDATED with all major mechanicals handled, including a NEW ROOF (2021), UPDATED AC UNITS (2021 upstairs and 2018 downstairs), and a FULL RE-PLUMB (2019) with PEX, PVC, and NEW SEWER lines. Both units feature UPDATED KITCHENS AND BATHROOMS along with DURABLE VINYL FLOORING THROUGHOUT, while the upstairs unit includes NEW APPLIANCES, CABINETS, AND COUNTERTOPS.

Each unit is INDIVIDUALLY METERED, tenants PAY ALL UTILITIES, and both are currently rented at $1,800 per month to excellent tenants. The downstairs unit is being sold TURNKEY FURNISHED and has previously been used as a SHORT-TERM RENTAL, offering additional income potential. The property is ideally located just 2 miles to downtown Sarasota, Right Next to Arlington park and pool, around the corner from Pinecrest and 3 miles to Bayfront Park, with close proximity to public transportation and the Legacy Trail.

Additional highlights include a FULLY FENCED YARD, SHADED BACKYARD SPACE, a LARGE COVERED STORAGE SHED, and PARKING FOR UP TO 5 VEHICLES. NO FLOOD INSURANCE IS REQUIRED with NO FLOODING OR STORM DAMAGE!!! This is a rare opportunity to own an UPDATED, STABLE, CASH-FLOWING PROPERTY from day one.

2915 LYNNHURST STREET

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