Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $250,000-$350,000
• Estimated Rehab: $100,000-$150,000
• Construction: Frame
• Occupancy: Call your Agent
• Rehab Description: For a flip, it is recommended to teardown the existing structure and build a new construction home or multifamily on the .18 acre lot. Zoned RSF4 for moderate-density single family homes (which allow for 5.8 and 8.7 dwelling units per acre respectively). Located in an Opportunity Zone - 12115000300.
• Features: Prime location, investment opportunity in Sarasota! This land could feature a new construction home within minutes of Downtown Sarasota, the Airport, and Sarasota Bay. With nearby small frame homes selling in the mid to high 200s and new construction homes in the 300s, you have options for an excellent profit potential. Being offered vacant at an attractive price you don't want to pass up!
• Important Details: --> VACANT!!!
• New Construction - Comp 1: 1575 30TH ST, SARASOTA, FL 34234 - 3/2 1,252 sqft SOLD $315k FEBRUARY 2022 (2021 Build new construction)
• New Construction - Comp 2: 1226 42ND ST, SARASOTA, FL 34234 - 3/2 1,271 sqft SOLD $362k OCTOBER 2021 (2021 build new construction)
• Multifamily - Comp 1: 2906 N ORANGE AVE, SARASOTA, FL 34234 - 2 bed/1 bath (each side) totaling 1,220 sqft SOLD $335k MAY 2022 (1959 build duplex on .15 acre lot, zoned RSF4)
• Land Value - Comp 1: 2924 MAPLE AVE, SARASOTA, FL 34234. - 3/1 1,000 sqft cash sale, SOLD $117.5k APRIL 2022 (1930 structure not livable, land value in Opportunity Zone, .16 acre lot)
• Land Value - Comp 2: 2825 LINKS AVE, SARASTOTA, FL 34234 - 2/1 599 sqft INVESTOR SALE PENDING @ 115k, 1 DOM (1930 Frame build, appears to be a teardown on .11 acre lot)
• Land Value - Comp 3: 1626 22ND ST, SARASOTA, FL 34234 - .16 acre vacant lot cash sale, SOLD $100k JANUARY 2022 (Lot previously had a house on it)
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab