1655 24TH ST, Sarasota, FL 34234

Property Description

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

    Electric Water Heater, Microwave

Listing Courtesy of FINE PROPERTIES
Maggie March, PA, 4askmaggierose@gmail.com, Agent: 9413030187

MFR MLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on 2018-04-18 at 2:22 pm

iRental Homes enables approved residents to rent a home that is currently for sale at the advertised rental price. They will also will be part of our Lease with a Right to Purchase Program.Area and home must qualify. Contingent on successful purchase by investor and qualification of renter. The approximate rental price is disclosed.

Location

  • Address: 1655 24TH ST
  • State/county: Sarasota
  • Region: FL
  • Zip/Postal Code: 34234
  • City: Sarasota

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