Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $540,000-$570,000
• Estimated Rehab: $60,000-$70,000
• Comparable Rent: $3,700-$3,900
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 1726 8TH ST, SARASOTA, FL34236 - 4/2 1,569 sqft PENDING $580k (1971 build duplex, basic rental condition, zoned DTN)
• Comp 2: 1920 9TH ST, SARASOTA, FL 34236 - 4/2 1,492 sqft SOLD $510k JANUARY 2022 (1973 build duplex, basic rental condition and zoned DTN)
• Comp 3: 530 GILLESPIE AVE, SARASOTA, FL 34236 - 3/3 1,638 sqft SOLD $570k MARCH 2022 (1950 build duplex, zoned DTN)
• Rehab Description: For a flip or rental this needs full rehab upgrades to the kitchens, the bathrooms and vanities, carpet flooring and some of the flooring throughout needs replacement, and fixtures/doors/trim for both units. Tile flooring in one of the units is in good condition. Roof likely needs to be replaced. Replace working window units with central air to maximize value. One of the units is in better overall rental condition, so some of the updates may be optional. Apply fresh paint, deep cleaning is needed throughout and freshen up with some landscaping to boost appeal!
• Features: Duplex close to downtown Sarasota! This concrete block multifamily property features 4 bedrooms and 2 bathrooms and has 1,484 total living sqft. It has a chainlink fence, sits on a .17 acre lot, and is being offered as a dual threat with high equity for a stellar rental or high upside as a flip and is zoned DTN. Located in highly sought after neighborhood of Gillespie Park, north of downtown Sarasota. Don't miss out on this multifamily money!
• Important Details: --> Buyer agrees to assume month to month tenants at $1,500/mo.
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab