Attention investors! This 7% cap rate duplex is already nicely remodeled with all of the major mechanicals updated within the last few years. Flood insurance is not required and the home had no flooding or damage during any of the storms this year. New roof in 2021, the AC unit was replaced in 2021 in the upstairs unit and 2018 in the bottom unit. The house was re-plumbed in 2019 with all PEX and PVC and new sewer lines. The upstairs unit has all new appliances, kitchen cabinets and countertops. Both units have new vinyl flooring and updated kitchens and bathrooms. The units are individually metered. The upstairs unit is currently rented at $1800/mo through April 1, which is below market rent and tenant pays all utilities. The downstairs unit is being sold turnkey furnished. It was used for family and friends and some short term rentals. The location is excellent - near public transport and only 2 miles to downtown Sarasota and 3 miles to Bayfront Park. It is also very close to the Legacy Trail access point. The property is fully fenced and the backyard is nicely shaded with a large covered storage shed. There is parking space for up to 5 vehicles.
3 homes located in the HEART of PINECRAFT, A 4 bedroom, 3 1/2 bath MAIN HOME, a detached 2 BEDROOM, 2 BATH home and a 1 bedroom, 1 bath home...Everything was HIGH & DRY during the recent storm...Use for INVESTMENT or a FAMILY COMPOUND... A renovation like no other by one of the best contractors in town. Both the MECHANICS and COSMETICS of these properties are astounding, with thought and consideration evident in every room. All the DRAINPIPES have been replaced with PVC, and the PRESSURE LINES are new and supported by TANKLESS HOT WATER HEATERS. The ELECTRICAL SYSTEM has been completely updated, including the panel, wiring, and fixtures. The NEW KITCHEN has stainless steel appliances and granite countertops, with an enormous number of cabinets and counter space. In the MAIN HOUSE, the primary bedroom is complemented by a spacious bathroom and walk-in closet, which includes an ADDITIONAL WASHER/DRYER for that end of the house. The OFFICE, located off the primary bedroom, has its own outside entrance. All the bathrooms are NEW, as are the IMPACT WINDOWS. The main house features a NEW METAL ROOF. The OUTSIDE KITCHEN is made of composite materials not prone to decay. Additionally, the property includes a DETACHED 2-bedroom, 2-bath home that has been completely renovated to the high standards of the owner/contractor, from the drainpipes to the new roof and has a 20 x 08 covered porch... There is also a DETACHED 1-bedroom, 1-bath apartment with a long-term tenant in place. The property boasts a HUGE GARAGE/WORKSHOP and a 2-car carport. Everything is connected by a spacious paver brick driveway and patio sitting area, surrounded by lush landscaping that brings the final touches to this TRULY REMARKABLE INVESTMENT or FAMILY COMPOUND
The median home value in Sarasota, FL is $454,200. This is lower than the county median home value of $458,200. The national median home value is $338,100. The average price of homes sold in Sarasota, FL is $454,200. Approximately 43.67% of Sarasota homes are owned, compared to 33.6% rented, while 22.73% are vacant. Sarasota real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Sarasota real estate agent to arrange a tour today!
Sarasota, Florida 34239 has a population of 53,786. Sarasota 34239 is more family-centric than the surrounding county with 19.88% of the households containing married families with children. The county average for households married with children is 17.15%.
The median household income in Sarasota, Florida 34239 is $62,615. The median household income for the surrounding county is $69,490 compared to the national median of $69,021. The median age of people living in Sarasota 34239 is 49 years.
The average high temperature in July is 90.7 degrees, with an average low temperature in January of 50.9 degrees. The average rainfall is approximately 56 inches per year, with 0 inches of snow per year.