Additional Details

• Important Details: --> Vacant at close --> No flood insurance required
• Features: PRIME Location with great specs in coveted South Gate Ridge neighborhood, Sarasota!! This two bedroom, two bathroom concrete block home features 1,266 living sqft, an attached carport, and sits on a large lot. Being offered vacant at close and with plenty of upside as a flip. Located minutes from shopping, Siesta beaches, and all downtown has to offer. Don't miss out!
• Potential ARV: $380,0000-$400,000
• Rehab Description: For a flip or rental this needs a complete renovation to the interior of the property. On the outside replace the roof. The AC unit was replaced three years ago and is in great working order. On the inside this needs this needs cosmetic updates to the kitchen, bathrooms, flooring, and trim/fixtures. Deep clean the interior and power wash the exterior, apply fresh interior/exterior paint, and do some landscaping to boost curb appeal!
• Estimated Rehab: $65,000-$75,000
• Comparable Rent: $230-$2500/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS
• Comp 1: 4342 DEERFIELD DR, SARASOTA, FL 34233 2/2 1264 SQFT 1959 Build PENDING @ $399,995 (Fully updated/one car garage)
• Comp 2: 4440 DEER RIDGE PL, SARASOTA, FL 34233 4/2 1391 SQFT 1962 Build SOLD @ $365,000 07/19/24 (Slightly bigger/clean but dated)
• Comp 3: 3635 GLEN RIDGE LN, SARASOTA, FL 34233 3/2 1428 SQFT 1961 Build SOLD @ $397,500 10/18/24 (Slightly bigger/updated)
• Comp 4: 4664 MACEACHEN BLVD, SARASOTA, FL 34233 2/2 1384 SQFT 1964 Build SOLD @ $410,000 07/24/24 (Updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab