3/2 CBS Home – Sarasota Value-Add Opportunity

  • $179,900
Church Ave, Sarasota, FL 34234
  • Single Family
  • Property Type
  • 3
  • Bedrooms
  • 2.00
  • Bathrooms
  • 1,200
  • Cosmetic
  • Estimated Rehab Cost
  • $290,000-$299,000 +/-
  • Estimated ARV

Overview

  • Single Family
  • Property Type
  • 3
  • Bedrooms
  • 2.00
  • Bathrooms
  • 1,200
  • Cosmetic
  • Estimated Rehab Cost
  • $290,000-$299,000 +/-
  • Estimated ARV

Description

This 1,200 sq ft 3-bed, 2-bath CBS home sits on a 5,000 sq ft lot in Sarasota. Built in 1961, the property has strong bones with a new roof and AC (2022) already in place. The interior will need cosmetic updates throughout to bring it to full market value. Currently tenant-occupied, with access available next week.

🛠️ Rehab Scope

  • Interior cosmetics: paint, flooring, fixtures
  • Kitchen and bath modernization
  • Landscaping and curb appeal upgrades

🔴 Comparable Sales

  • 1610 24th St – 1,332 sq ft, 3/2, built 1946 → Sold $324,900 ($244/sq ft) – updated
  • 2070 28th St – 1,168 sq ft, 3/2, built 1950 → Sold $282,000 ($241/sq ft) – updated

Very limited amount of rehabbed comps to go off of, so we averaged out the 2 that were available to justify our ARV.

Details

  • Price: $179,900
  • Property Size (Sq. ft.): 1,200
  • Land Area (Acres): 0.11
  • Garage: None
  • Year Built: 1961
  • Property Type: Single Family
  • Property Status: Flip
  • County: Sarasota
  • Estimated ARV: $290,000-$299,000 +/-
  • Estimated Rehab Cost: Cosmetic
  • Estimated Monthly Rent: $2,200 +/-
  • Yearly Taxes: $2,898
  • HOA Monthly Cost: $0
  • Construction Type: Block
  • Pool: None

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