$530,000
- Beds
- 5
- Baths
- 3.0
- sq ft
- 1,900
1903 N Allendale Ave, Sarasota, FL 34234
1903 N Allendale Ave
SARASOTA, FL 34234
- 39 days on market
- Price drop $20,000↓
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.
Details
Property type
Single Family Residence
Lot size
0.25 acres
Price per sq ft
$279
Year built
1956
Annual property taxes
$2,817.34
HOA
No
Price History
12/02/2024
StellarMLS #TB8320670
Price change
$530,000
-3.64%
11/13/2024
StellarMLS #TB8320670
Listed
$550,000
Schools & Community
Neighborhood:
North Sarasota
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
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Status: Active
Tomo last checked: 12/22/2024 at 9:05 AM
Listing updated: 12/02/2024 at 12:48 PM
Listed by: Lierly Roque Reyes, SELLING USA, LLC Phone #: (813) 723-0086
MLS: StellarMLS #TB8320670
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