1903 N ALLENDALE AVE new Save Request In-Person Tour Request Virtual Tour
Sarasota,FL 34234
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,900 sqft
Price per Sqft $289
Subdivision Leisure Lakes
MLS Listing ID TB8320670
Bedrooms 5
Full Baths 3
Year Built 1956
Annual Tax Amount $2,817
Lot Size 10,890 Sqft
Property Description
Discover a fantastic investment opportunity with this beautifully renovated property, perfectly located on an 11,000 sq ft lot. This unique setup includes two separate, income-generating residences: a spacious main house with three bedrooms and two bathrooms, and a cozy detached apartment with two bedrooms and one bathroom. Both properties were fully updated in 2024, including new electrical, plumbing, AC, roof, kitchens, bathrooms, and impact windows and doors, making this truly turnkey?move-in or rent-ready from day one.
With current appraisals placing its value at $625,000, this property comes with approximately $100,000 in equity, offering an excellent return for the next owner. Rental potential is high, with similar properties in the area fetching around $4,500 monthly for both units combined. For even more earning potential, consider turning it into a short-term rental or Airbnb.
The location adds significant appeal: two blocks from the Baltimore Orioles Stadium, five minutes from downtown Sarasota, and within easy reach of top beaches?Lido Key is 10 minutes away, while Siesta Key, one of the nation?s best, is just a 20-minute drive. Plus, Sarasota-Bradenton Airport and the UTC Shopping Mall are both under 10 minutes away, making this an ideal spot for residents or vacationers.
Whether you want to live in one unit and rent the other, or lease both, this property is ready to be a valuable addition to your investment portfolio.
Location
State FL
County Sarasota
Community Leisure Lakes
Zoning RSF3
Interior
Heating Central
Cooling Central Air
Flooring Luxury Vinyl
Laundry Laundry Room
Exterior
Exterior Feature Other
Utilities Available Cable Available,Electricity Connected,Public
Waterfront false
Roof Type Shingle
Building
Story 1
Foundation Slab
Sewer Septic Tank
Water Public
Structure Type Block,Stucco
New Construction false
Others
Acceptable Financing Cash,Conventional,FHA,Other
Listing Terms Cash,Conventional,FHA,Other
Special Listing Condition None