1655 24th Street, North Sarasota, FL 34234
- $235,000
- 3
- BD
- 2
- BA
- 975
- SqFt
- List Price
- $235,000
- Status
- ACTIVE
- MLS#
- A4706879
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 975
- Subdivision
- Amaryllis Park
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.
Additional Information
- Year Built
- 2005
- Construction
- Block, Stucco
- Living Area
- 975
- Acres
- 0.13
- Interior Features
- Ceiling Fans(s)
- Cooling
- Central Air
- Heating
- Central
- Parking
- Off Street
- Exterior Features
- Lighting
- Sewer
- Public Sewer
- Stories
- 1
Listing courtesy of FINE PROPERTIES.
Mortgage Calculator
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