Residential Property - Single Family Residence in Sarasota
Listing Price: $475,000 (Mortgage Calculator →)
Description of Property
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.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Rio Vista
Bedrooms: 4
Bathrooms: 2
Sq. Ft. Gross: 1,632
Sq. Ft. Living Area: 1,632
Cost per (heated) sqare foot: $291
Year built: 1945
Annual Tax: $4,100
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Washer
Flooring: Luxury Vinyl
Schools
Elementary School: Alta Vista Elementary
Middle/Junior High School: Brookside Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Pillar/Post/Pier
Roof: Shingle
Exterior Features: Storage
Parking Features: Open
Floors in Unit: Two
Cooling: Central Air
Heating & Fuel: Space Heater
Other Structures: Storage
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Near Public Transit
Lot Size (acres): 0.14
Lot Size (sq. ft.): 6,065 square feet
Lot Dimensions: 50 x 121
Road Frontage: Street Paved
Front Exposure: South
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 0055120007
Zoning: RSF3
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOT 6 BLK F RIO VISTA
Section: 28
Range: 18E
Listing courtesy of FIVE STAR REAL ESTATE OF FLORIDA LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.