Listing ID : A4641730
-
Beds
4 -
Baths
2/0 -
Structure / Lot Size
1,430 Sqft / 5,662 Sqft -
Year
1930
Description
Looking for SAVVY INVESTORS ONLY…because they know looks can be deceiving. While actually built in 1930, the effective year built is 1987. Opportunity is knocking…literally. Located in ‘OPPORTUNITY ZONE 3,’ where investors can take advantage of PREFERENTIAL TAX TREATMENT and SPECIAL COMMUNITY LENDING—see Revenue Code 1400Z-1 and 1400Z-2 and www.sarasotafl.gov for details. This 4 bedroom 2 bath home is poised to make someone some money. The ‘how’ is up to you. Option 1) As a RENTAL for the last 20+ years (as recently as February 2025), this property is a CASH COW. Sarasota Housing Authority Section 8 standards offers up to $2772/month for 4-bedroom homes in this zip code. Option 2) This home is positioned and priced perfectly as a REHAB PROJECT. A little TLC would go a long way while still qualifying as ‘AFFORDABLE HOUSING’ on the back end, even with a tidy profit built in. Option 3) Join the NEW CONSTRUCTION bandwagon and be one of the many brand-new homes popping up in the area, then sell it or rent it out and reap the rewards for years to come. Best of all, this property has NO DEED RESTRICTIONS, offers LOW TAXES, is NOT IN A FLOOD ZONE, is located in evacuation zone D, and sustained NO FLOOD OR STORM DAMAGE. If you’re looking for a GREAT DEAL on a GREAT HOUSE, then this is the one! HURRY over & get ready to MAKE AN OFFER before it’s gone. This MOTIVATED SELLER is READY to close.
