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Asking Price

$ 550,000

Status

Active

1903 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

$550,000

Status

Active

Similar 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.