2915 LYNNHURST ST, SARASOTA, FL, 34239
$499,999
Residential Income
|
Living Area
1,632 Sqft
|
Lot Size
6,065 Sqft
|
Attention investors! This 7% cap rate duplex is already nicely remodeled with all of the major mechanicals updated within the last few years and is now fully occupied with solid annual tenants. Flood insurance is not required and the home had no flooding or damage during any of the storms this year. New roof in 2021, the AC unit was replaced in 2021 in the upstairs unit and 2018 in the bottom unit. The house was re-plumbed in 2019 with all PEX and PVC and new sewer lines. The upstairs unit has all new appliances, kitchen cabinets and countertops. Both units have new vinyl flooring and updated kitchens and bathrooms. The units are individually metered. Both units are rented at $1,800/mo. to excellent tenants and and tenants pay all utilities. The downstairs unit is being sold turnkey furnished. In the past, that unit has also been used for short term rentals. The location is excellent - near public transport and only 2 miles to downtown Sarasota and 3 miles to Bayfront Park. It is also very close to the Legacy Trail access point. The property is fully fenced and the backyard is nicely shaded with a large covered storage shed. There is parking space for up to 5 vehicles.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4628893 | Year Built: | 1945 | |
| Appliances: | Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer | Construction Materials: | Vinyl Siding, Wood Frame | |
| Cooling: | Central Air | Country: | US | |
| Exterior Features: | Fence, Private Mailbox, Storage | Flooring: | Luxury Vinyl | |
| Foundation Details: | Pillar/Post/Pier | Furnished: | Partially | |
| Heating: | Central, Electric, Space Heater | Laundry Features: | Common Area, Outside | |
| Lease Term: | Twelve Months | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, USDA Loan, VA Loan | |
| Lot Features: | Landscaped, Near Public Transit, Paved | Occupant Type: | Tenant | |
| Other Structures: | Shed(s), Storage | Parking Features: | Guest, Off Street, Open | |
| Pets Allowed: | Yes | Property Condition: | Completed | |
| Property Sub Type: | Duplex | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt, Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Combination Lock Box, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Sewer, Trash Collection, Water | |
| Utilities: | Electricity Connected, Public, Sewer Connected, Water Connected | Water Source: | Public | |
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