BEDS4
BATHS
SQUARE FEET1,632
MLS#A4687789
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRIO VISTA
Property Description
CASH-FLOW OPPORTUNITY! This INCOME-PRODUCING DUPLEX is already done for you and delivering strong returns with a 7% CAP RATE and SOLID ANNUAL TENANTS IN PLACE. The property has been BEAUTIFULLY UPDATED with all major mechanicals handled, including a NEW ROOF (2021), UPDATED AC UNITS (2021 upstairs and 2018 downstairs), and a FULL RE-PLUMB (2019) with PEX, PVC, and NEW SEWER lines. Both units feature UPDATED KITCHENS AND BATHROOMS along with DURABLE VINYL FLOORING THROUGHOUT, while the upstairs unit includes NEW APPLIANCES, CABINETS, AND COUNTERTOPS.Each unit is INDIVIDUALLY METERED, tenants PAY ALL UTILITIES, and both are currently rented at $1,800 per month to excellent tenants. The downstairs unit is being sold TURNKEY FURNISHED and has previously been used as a SHORT-TERM RENTAL, offering additional income potential. The property is ideally located just 2 miles to downtown Sarasota, Right Next to Arlington park and pool, around the corner from Pinecrest and 3 miles to Bayfront Park, with close proximity to public transportation and the Legacy Trail.Additional highlights include a FULLY FENCED YARD, SHADED BACKYARD SPACE, a LARGE COVERED STORAGE SHED, and PARKING FOR UP TO 5 VEHICLES. NO FLOOD INSURANCE IS REQUIRED with NO FLOODING OR STORM DAMAGE!!! This is a rare opportunity to own an UPDATED, STABLE, CASH-FLOWING PROPERTY from day one.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric, Space Heater
Lot Size: 0.14 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $4,099
Year Built: 1945
Amenities
Eat-in Kitchen
Stone Counters
Thermostat
Fence
Private Mailbox
Storage
Feature Descriptions
Annual Net Income: 43200.00
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Days on Site: 40
Directions: Turn on Lynnhurt and home is on the left
Exterior: Vinyl Siding, Frame
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Pillar/Post/Pier
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
Lot: Landscaped, Near Public Transit, Paved
Lot Dimensions: 0.14
Other Structures: Shed(s), Storage
Ownership: Fee Simple
Parking: Guest, Off Street, Open
Parking Notes: Guest, Off Street, Open
Pets Allowed: Yes
Pets Restrictions: Buyer to verify any and all pet restrictions with the county.
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only
Special Sale Provisions: None
Units: 2
Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RSF3
Local Schools
High School: Sarasota High
Middle School: Brookside Middle
Elementary School: Alta Vista Elementary
Listed By / Shown By
Listed By
Agency Name: FIVE STAR REAL ESTATE OF FLORIDA LLC
Agency Contact: 904-539-3336
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 1,537.27 per month $1,057.14 Principal & Interest $341.58 Property Tax $138.54 Homeowner's InsuranceChange Payment Information
2915 Lynnhurst Street | MLS# A4687789
This multi-family property located at 2915 Lynnhurst Street, Sarasota, FL 34239 is currently listed for sale with an asking price of $475,000. Search Sarasota real estate on www.realtymark.net today.