tomo logo

$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

StellarMLS #TB8320670

Price change
$530,000
-3.64%
11/13/2024
StellarMLS

StellarMLS #TB8320670

Listed
$550,000

Schools & Community

Neighborhood: 

North Sarasota

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Similar Homes Nearby

Price drop
StellarMLS
$495,000
3 bd
|
2 ba
|
1,804 sq ft
|
House

3141 Crystal Lakes Ct, Sarasota, FL 34235

Price drop
StellarMLS
$455,000
4 bd
|
2 ba
|
1,818 sq ft
|
House

3100 Lake Ridge Dr, Sarasota, FL 34237

StellarMLS
$489,000
2 bd
|
1.5 ba
|
1,291 sq ft
|
House

2524 Novus St, Sarasota, FL 34237

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

StellarMLS logo