Ol' Charmer Near Sarasota Bay & Downtown + More

  • House
    1416 acre
    bedroom 4 Bedrooms
    bathroom 2 Baths
  • Flip
    $114,999
    Status : Sold
    Year Built : 1925
 Description
Fix & Flip Opportunity. 1,416 sqft 4/2 single family home. Damage from years of no upkeep and some water damage. Home has a fireplace & 2 kitchens.  House was fully renovated 5 houses down & sold for $220k & it is smaller but same age as this one. The home to the left of that $220k renovated home is being renovated currently. Another fully renovated 3/2 less than a quarter mile away sold for $239k. Priced rehab budget $50k. Less than 5 mins from the Ringling School of Art & Design. Less than 5 mins to Sarasota Bay. Less than 10 mins from Sarasota Airport which is also close to John & Mable Ringling Museum of Art. Property is just north of Downtown Sarasota. This is the cheapest 4/2 within a mile radius let alone the cheapest 4/2 in 34234 with the largest lot little under a quarter acre. Based on comps alone there is opportunity here! The five-star draw is its central location; only ten minutes from downtown Sarasota, and two blocks from Sarasota Bay. Indian Beach-Sapphire Shores is conveniently located to universities, museums, theaters, art galleries and restaurants. All comps are of the same year as well!
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Electricity
  • Floor
  • Kitchen
  • Living Room
  • Paint Exterior
  • Paint Interior
  • Roof
 General Amenities
 Distance
  • Beach : 5 Minutes
  • Cafe : 5 Minutes
  • Gas Station : 5 Minutes
  • Hospital : 10 Minutes
Comparables (Comps.)

Comparable #1

1711 Central Ave, Sarasota, FL, USA, 34234

Sold : $220,000

Comparable #2

1621 Cocoanut Ave, Sarasota, FL, USA, 34236

Sold : $210,000

Comparable #3

1243 16th St, Sarasota, FL, USA, 34236

Sold : $239,000

Comparable #4

2825 W Tamiami Cir, Sarasota, FL, USA, 34234

Sold : $278,000

Image Gallery

 Summary

Overview
Ol' Charmer Near Sarasota Bay & Downtown + More Sold
$114,999
Property ID: FL181171933
Address: Login to View
City: Sarasota
State/Province: FL
Zip Code: 34234
Country: USA


Flip Analysis

+ Purchase Price: $114,999
+ Rehab Cost: $50,000
Total Acquisition Cost: $164,999


Total Flip Cost: $164,999
Projected ARV: $236,999
Net Income (Profit): $72,000
CAP Rate: 43.64%

 Message

5 X 7 = ?