Asking Price
$ 550,000Status
Active1903 N Allendale AVENUE
SARASOTA, FL,34234, LEISURE LAKES
Overview
5 Bedrooms
3 Bathrooms
Garage
1,900 sqft
Year Built: 1956
School Nearby
Description
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.
Features
Status: Active
Beds: 5
Baths: 3
Square Footage: 1,900 Sq. Ft
HOA Fee: -
Property Type: Single Family Residence
MLS Number: TB8320670
Days on Market: 1
Year Built: 1956
Lot Size: 77 x 143
County: Sarasota
Taxes: $2,817.00
Address
1903 N Allendale AVENUE , SARASOTA ,FL
Listing provided by: SELLING USA, LLC, 813-723-0086
Asking Price
$550,000Status
ActiveSimilar Properties
Based on information submitted to the MLS GRID as of 11/14/2024 11:51. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.