3 Beds
2 Baths
975 SqFt
3 Beds
2 Baths
975 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 975 sqft
Price per Sqft $241
Subdivision Newtown
MLS Listing ID A4706879
Bedrooms 3
Full Baths 2
Construction Status Completed
HOA Y/N No
Year Built 2005
Annual Tax Amount $2,760
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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.
Location
State FL
County Sarasota
Community Newtown
Area 34234 - Sarasota
Zoning X
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Furnishings Unfurnished
Fireplace false
Appliance Electric Water Heater, Microwave
Laundry Laundry Closet
Exterior
Exterior Feature Lighting
Parking Features Off Street
Fence Other
Utilities Available Public
View Y/N No
Water Access No
Roof Type Shingle
Exposure South
Garage false
Private Pool No
Building
Lot Description Level, Sidewalk, Paved
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Architectural Style Other
Unit Floor 1
Structure Type Block,Stucco
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Membership Fee Required None
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4706879
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