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… Read More 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. Read Less
Courtesy of FIVE STAR REAL ESTATE OF FLORIDA LLC 904-539-3336
Listing Snapshot
Days Online
20
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,632
Lot Size
0.14 Acres
Year Built
1945
MLS Number
A4687800
Source: Home Junction
Additional Details
Property Access
Road Surface: Asphalt, Paved
Appliances & Equipment
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Building
Built in 1945, Living area: 1632, Living area units: Square Feet, Building faces South, Levels: Two, Construction Materials: Vinyl Siding, Frame
Cooling
Central Air
Exterior Features
Private Mailbox, Storage
Floors
Luxury Vinyl
Foundation
Pillar/Post/Pier
Heating
Central, Electric, Space Heater
Interior Features
Eat-in Kitchen, Stone Counters, Thermostat
Laundry
Common Area, Outside
Lot
0.14 acres, Dimensions: 50x121, Landscaped, Near Public Transit, Paved
Parking
Guest, Off Street, Open
Pets Policy
Allowed: Yes
Property
Completed, Other structures: Shed(s), Storage
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 0055120007, Public Survey Range: 18E, Public Survey Section: 28, Annual Amount: $4,099.53, Tax Block: F, Tax Book Number: 1-187, Legal Description: LOT 6 BLK F RIO VISTA, Lot: 6, Year: 2025, Zoning: RSF3
Utilities
Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public
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