New Listing - 11/13/2024
1903 N Allendale AVENUE, Sarasota, FL, 34234
5 rooms
5 beds
3 Full baths
1956
1,900 sqft
Discover a fantastic investment opportunity with this beautifully renovated property, perfectly located on an 11,000 sq ft lot. This unique setup includes two separate, income-generating residences: a spacious main house with three bedrooms and two bathrooms, and a cozy detached apartment with two bedrooms and one bathroom. Both properties were fully updated in 2024, including new electrical, plumbing, AC, roof, kitchens, bathrooms, and impact windows and doors, making this truly turnkey—move-in or rent-ready from day one. With current appraisals placing its value at $625,000, this property comes with approximately $100,000 in equity, offering an excellent return for the next owner. Rental potential is high, with similar properties in the area fetching around $4,500 monthly for both units combined. For even more earning potential, consider turning it into a short-term rental or Airbnb. The location adds significant appeal: two blocks from the Baltimore Orioles Stadium, five minutes from downtown Sarasota, and within easy reach of top beaches—Lido Key is 10 minutes away, while Siesta Key, one of the nation’s best, is just a 20-minute drive. Plus, Sarasota-Bradenton Airport and the UTC Shopping Mall are both under 10 minutes away, making this an ideal spot for residents or vacationers. Whether you want to live in one unit and rent the other, or lease both, this property is ready to be a valuable addition to your investment portfolio.
Status:
Active
Type:
Single-family residential
Laundry Remarks:
Laundry Room
Subdivision:
LEISURE LAKES
Heating:
Central
Cooling:
Central Air
Levels:
1
Lot Size:
77 x 143
Acreage:
0.25
Est. Taxes:
$2,817
Construction
Block, Stucco
Utilities
Cable Available, Electricity Connected, Public
Days on Market:
1
Appliances:
Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Min Lease Term:
No Minimum
MLS #:
TB8320670
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of SELLING USA, LLC Phone: 813-723-0086