1655 24th Street, Sarasota, FL 34234
- $235,000
- 3
- BD
- 2
- BA
- 975
- SqFt
- List Price
- $235,000
- Status
- Active
- Days on Market
- 0
- MLS#
- A4706879
- Property Style
- Single Family
- Architectural Style
- Other
- Year Built
- 2005
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 975
- Price per sq. ft.
- 241.03
- Lot Size
- 5,750
- Acres
- 0.13
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Newtown
- Community Name
- Amaryllis Park
- MLS Area Major
- Sarasota
Property Description
Investment Opportunity income-producing investment in a community on the rise This 3-bedroom, 2-bathroom home in Sarasota’s Amaryllis Park neighborhood offers an opportunity to acquire an income-producing property in an established community on the rise. The area is positioned for continued improvement through ongoing property investment, neighborhood revitalization, and broader community development. The property is also being prepared with a focus on functionality, rental appeal, and meeting quality standards for long-term housing. It is my opinion that t his property presents a solid opportunity to acquire an income-producing, 3-bedroom/2-bathroom home in an established neighborhood on the rise. Based on a total capital outlay of approximately $66,900—which includes the down payment, estimated closing costs, financing fees, prepaids, and remaining repair allocations—the property is projected to generate $800 in true net monthly cash flow after operating expenses. This equates to a projected annual net cash flow of $9,600, yielding a healthy cash-on-cash. These figures reflect a realistic, 'all-in' investment scenario and provide a stable foundation for long-term rental performance as the community continues its revitalization.
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Additional Information
- Taxes
- $2760
- Minimum Lease Period
- 8-12 Months
- Location
- Level, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- X
- Interior Features
- Ceiling Fans(s)
- Floor
- Laminate, Tile
- Appliances
- Electric Water Heater, Microwave
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Lighting
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Off Street
- Fences
- Other
- Flood Zone Code
- x
- Parcel ID
- 2024020066
- Legal Description
- LOT 8 & 1/2 VACATED ALLEY ADJ THERETO BLK 11 FIRST ADD TO NEWTOWN
Listing courtesy of FINE PROPERTIES. 941-782-0000
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