Additional Details

• Features: 3/2 home on OVERSIZED lot in SARASOTA! This spacious home features a new roof and new HVAC. Updates have already been completed in the kitchen and bathroom as well as most flooring throughout. With a few cosmetics updated this project will be ready in no time!
• Potential ARV: $380,000-$400,000
• Ideal Investment Strategy: Rental/Resale
• Rehab Description: For a flip or rental this home needs cosmetic updates. Begin by completing updates in both bathrooms. Next update the hallway flooring. Then touch up paint throughout the interior and exterior of the house (including shed). Next move on to an exterior cleanup along with pressure washing and adding some landscaping to boost curb appeal. As a bonus add an island to the kitchen and update fixtures throughout.
• Estimated Rehab: $25,000-$35,000
• Comparable Rent: $2700/month
• Comp 1: 1139 Mecca Dr, Sarasota, FL 34234. 2/1 1,200sqft. Sold 7/31 @ $277,000 (smaller house/lot needs full updated)
• Comp 2: 4941 Remington Dr, Sarasota, FL 34234. 3/1 1,800sqft. Sold 5/18/23 @ $323,000 (1 less bath, smaller lot, needs full rehab)
• Comp 3: 1146 47th St, Sarasota, FL 34234. 2/2 1,421sqft SOLD 6/20/23 @ $377,500 (nice rehab, smaller house and lot, went pending in 4 days)
• Comp 4: 1136 40th St. Sarasota, FL 34234 3/2 1,578sqft PENDING 8/4/23 @ $440,000 (went pending in 2 days, smaller lot)
• Important Details: --->Vacant at Close! --->Lot size .36 acres! --->No HOA
• Construction: Frame
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab