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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. Showings to begin Saturday afternoon and sellers will review all offers Tuesday evening.
| DAYS ON MARKET | 4 | LAST UPDATED | 11/14/2024 |
|---|---|---|---|
| TRACT | RIO VISTA | YEAR BUILT | 1945 |
| COMMUNITY | 34239 - Sarasota/Pinecraft | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Alta Vista Elementary |
|---|---|
| Jr. High School | Brookside Middle |
| High School | Sarasota High |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer |
| AREA | 34239 - Sarasota/Pinecraft |
| CONSTRUCTION | Vinyl Siding |
| EXTERIOR | Storage |
| HEAT | Central, Electric, Space Heater |
| INTERIOR | Eat-in Kitchen, Stone Counters |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Landscaped, Near Public Transit, Paved |
| LOT DIMENSIONS | 50x121 |
| PARKING | Guest, Off Street, Open |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | RIO VISTA |
| TAXES | 3865.08 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Tanner Frey, KELLER WILLIAMS ON THE WATER S, 941-803-7522
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/14/24 6:44 PM PST.
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