1655 24TH ST, SARASOTA, FL, 34234
$235,000
Residential
Bedrooms
3
Bathrooms
2
Living Area
975 Sqft
Lot Size
5,750 Sqft
Investment Opportunity 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.
Property Details
Property Features Property Features
MLS ID: MFRA4706879 Year Built: 2005
Appliances: Electric Water Heater, Microwave Architectural Style: Other
Construction Materials: Block, Stucco Cooling: Central Air
Country: US County Or Parish: Sarasota
Direction Faces: South Exterior Features: Lighting
Fencing: Other Flooring: Laminate, Tile
Foundation Details: Slab Furnished: Unfurnished
Heating: Central Laundry Features: Laundry Closet
Levels: One Listing Agreement: Exclusive Right To Sell
Lot Features: Level, Sidewalk, Paved Occupant Type: Vacant
Parking Features: Off Street Property Condition: Completed
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: Supra Lock Box, Sentri Lock Box
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Public
Vegetation: Trees/Landscaped Water Source: Public
Rooms Rooms
Kitchen: 10x12 ft Living Room: 12x12 ft
Primary Bedroom: 12x14 ft Primary Bathroom: 8x10 ft
Bedroom 2: Bedroom 3:
Bathroom 2:
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