Property
Beds
4
Full Baths
2
1/2 Baths
None
Year Built
1945
Sq.Footage
1,632
CASH-FLOW OPPORTUNITY! This INCOME-PRODUCING DUPLEX Two 2bed 1bath units, 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.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Stone Counters
-
Total Bedrooms
4
-
Bathrooms
2
-
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
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
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
-
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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FOUNDER
Ashley Baillio
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