165524thstreetsarasotafl34234

3 Beds

2 Full baths

975SqFt

Active

Investment Opportunity income-producing investment in a community on the rise This 3-bedroom, 2-bathroom home in Sarasota’s Amaryllis Park neighborhood offers an opportunity to acquire an income-producing property in an established community on the rise. The area is positioned for continued improvement through ongoing property investment, neighborhood revitalization, and broader community development. The property is also being prepared with a focus on functionality, rental appeal, and meeting quality standards for long-term housing. It is my opinion that t his property presents a solid opportunity to acquire an income-producing, 3-bedroom/2-bathroom home in an established neighborhood on the rise. Based on a total capital outlay of approximately $66,900—which includes the down payment, estimated closing costs, financing fees, prepaids, and remaining repair allocations—the property is projected to generate $800 in true net monthly cash flow after operating expenses. This equates to a projected annual net cash flow of $9,600, yielding a healthy cash-on-cash. These figures reflect a realistic, 'all-in' investment scenario and provide a stable foundation for long-term rental performance as the community continues its revitalization.

Property Details
Price $235,000
Bedrooms 3
Full Baths 2
Half Baths 0
Property Style Other
Lot Size Area 5750
Lot Size Area Units Square Feet
Acres 0.13
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Features Ceiling Fan(s)
Exterior Features Lighting
Year Built 2005
Subdivision NEWTOWN
Roof Shingle
Heating Central
Foundation Slab
Lot Description Level, Sidewalk
Laundry Features Laundry Closet
Parking Description Off Street
Geographic Data
Directions Take I-75 to Exit 210 (Fruitville Rd) and head west toward Sarasota. Continue west on Fruitville Rd, turn right onto N Orange Ave, then turn left onto 24th St and continue to 1655 24th St.
County Sarasota
Latitude 27.358036
Longitude -82.548563
Market Area 34234 - Sarasota
Address Information
Address 1655 24TH STREET, SARASOTA, FL 34234
Postal Code 34234
City SARASOTA
State FL
Country United States
Listing Information
Listing Office FINE PROPERTIES
Listing Agent Maggie March, PA
Special listing conditions None
Ownership Fee Simple
Virtual Tour URL https://www.propertypanorama.com/instaview/stellar/A4706879
MLS Information
Days on market 0
MLS Status Active
Listing Date Sep 23, 2026
Listing Last Modified Sep 24, 2026
Tax ID 2024020066
Tax Year 2025
Tax Annual Amount 2760
MLS Area 34234 - Sarasota
MLS # A4706879

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