Active

$550,000

Features:
  • 5 Bedrooms
  • 3 Bathrooms
  • 1900 sq ft
Overview
  • ID: MFRTB8320670
  • Bedrooms: 5
  • Bathrooms: 3
  • Size: 1900 sq ft
Property Details
Remarks
Discover a fantastic investment opportunity with this beautifully renovated property, perfectly located on an 11,000 sq ft lot. This unique setup includes two separate, income-generating residences: a spacious main house with three bedrooms and two bathrooms, and a cozy detached apartment with two bedrooms and one bathroom. Both properties were fully updated in 2024, including new electrical, plumbing, AC, roof, kitchens, bathrooms, and impact windows and doors, making this truly turnkey—move-in or rent-ready from day one. With current appraisals placing its value at $625,000, this property comes with approximately $100,000 in equity, offering an excellent return for the next owner. Rental potential is high, with similar properties in the area fetching around $4,500 monthly for both units combined. For even more earning potential, consider turning it into a short-term rental or Airbnb. The location adds significant appeal: two blocks from the Baltimore Orioles Stadium, five minutes from downtown Sarasota, and within easy reach of top beaches—Lido Key is 10 minutes away, while Siesta Key, one of the nation’s best, is just a 20-minute drive. Plus, Sarasota-Bradenton Airport and the UTC Shopping Mall are both under 10 minutes away, making this an ideal spot for residents or vacationers. Whether you want to live in one unit and rent the other, or lease both, this property is ready to be a valuable addition to your investment portfolio.
Financial Considerations
Price:
$550,000
HOA Fee:
N/A
Tax Amount:
$2817.34
Price per SqFt:
$289.47
Tax Legal Description:
LOT 20 LEISURE LAKES UNIT 1
Exterior Features
Lot Size:
11011
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
3
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Furnished:
No
Floor:
Luxury Vinyl
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1956
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
Verify with the city.
Map
  • Address
    1903 N ALLENDALE AVE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 375,000
avt
Daniel Dourado
$ 399,000
avt
Daniel Dourado
$ 679,990
avt
Daniel Dourado
$ 750,000
avt
Daniel Dourado
$ 684,990
avt
Daniel Dourado
$ 339,000
avt
Daniel Dourado
$ 1,000,000
avt
Daniel Dourado
$ 595,000