2915 LYNNHURST ST, SARASOTA, FL, 34239
$475,000
Residential Income
Bedrooms
4
Bathrooms
2
Living Area
1,632 Sqft
Lot Size
6,065 Sqft
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 Details
Property Features Property Features
MLS ID: MFRA4687789 Year Built: 1945
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer Construction Materials: Vinyl Siding, Frame
Cooling: Central Air Country: US
County Or Parish: Sarasota 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 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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