165524thstreetsarasotafl34234
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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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This information is believed to be accurate, but without any warranty.
