Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $500,000-$600,000
• Estimated Rehab: $100,000-$150,000
• Comparable Rent: $2,200
• Construction: Frame
• Occupancy: Call your Agent
• Comp 1: 1706 9TH ST, SARASOTA, FL 34236 - 3/1 1,173 sqft SOLD $515k FEBRUARY 2022 (1939 build)
• Comp 2: 1823 5TH ST, SARASOTA, FL 34236 - 2/1 896 sqft SOLD $483.5k JUNE 2021, 4 DOM (1925 Frame Build and semi-updated)
• Comp 3: 1746 7TH ST, SARASOTA, FL 34236 - 2/1 1,352 sqft SOLD $750k FEBRUARY 2022, 1 DOM (1950 frame build updated)
• Comp 4: 518 ADELIA AVE, SARASOTA, FL 34236 - 2/1 1,015 sqft PENDING 699.9k, 3 DOM (1935 Frame Build, updated)
• Comp 5: 1644 8TH ST, SARASOTA, FL 34236 - 2/1 972 sqft SOLD $518k APRIL 2022 (1925 Frame Build and updated)
• Comp 6: 624 N OSPREY AVE, SARASOTA, FL 34236 - 3/3/1980 sqft SOLD 895k NOV 2021 (NEW CONSTRUCTION, 5,000 sqft lot - half the size of ours)
• Rehab Description: For a flip this needs a full restoration to the entire house. Roof, A/C, Flooring, Kitchen, Bathrooms, Ceiling, Fixtures and Walls all require attention. A complete and full rehab is needed with water & termite damage evident. Optionally, teardown the existing structure and build a new home on the lot to maximize on the retail market.
• Features: Stellar investment opportunity in Downtown Sarasota! This 3 bedroom, 1 bathroom home features 1,200 living sqft, is located within close proximity to Gillespie Park, has a sunroom, and sits on a .22 acre lot. Being offered vacant and ready for renovations either as a flip or new build opportunity! The property is also zoned ILW - Industrial Light & Warehousing. Nearby homes quickly appreciating and selling for high value. With sweat equity, there is huge upside profit potential with this one!
• Important Details: --> VACANT!
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab