Sarasota Cash-Flow with Massive ROI Chestnut Ave. Sarasota, FL. 34234
Type Single Family Home, **SOLD** Status Cash Flow, **SOLD** Location Florida Sub Location Sarasota Price $45,000 Sq. Ft.696Bedrooms3Bathrooms1ARV$85,000Rent/mo$1,400RehabModerate - MajorGarageNonePoolNoneTaxes/yr$504.19Lot Size (Acres)0.11ConstructionFrameWaterfrontNoneYear1958SubdivisionBeverly TerraceHOA Fees/mon/a
This is a 3/1 696 SQFT single-family home built in the Beverly Terrace neighborhood of Sarasota.
The roof is in good shape with no leaks, however there is one small section where a tree branch fell on it and damaged it so it will need to be repaired. The plumbing was also updated not too long ago. Grandfathered into the property is a big porch that is about 900 sqft but does not have central AC. Other than that everything inside the house is original so it will need to be updated.
There is a 2 bedroom rental in the same neighborhood getting $1,400/month for rent. That means even if you spend $25k on the rehab, closing cost, taxes and insurance you are looking at a possible 21% ROI!
(Please do your due diligence)
3808 Locust Ave., Sarasota, FL
Heated Area: 498 SqFt
Sold Date: 01.29.20 // Sale Price: $85,000 // Price per Sqft: $170.68