1903 N ALLENDALE AVENUE
Sarasota, FL 34234
1900 sqft | 5 beds | 3 baths | 0.25 acres | #TB8320670
Description
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.
Property Details
- Utility FeaturesCable Available, Electricity Connected, Public
- Property SubtypeSingle Family Residence
- InteriorCeiling Fans(s)
- SubdivisionLEISURE LAKES
- Sewer InformationSeptic Tank
- MLS #TB8320670
- MLS #TB8320670
- Property TypePurchase
- CountySarasota
- Original List Price$550,000
- Utility SourcePublic
- Taxes Annual$2,817
- Cost530000
- Exterior MaterialsOther
- Acres0.25
- Square Feet1900
- Year Built1956
- FoundationSlab
- Days on Market (Cumulative)34
- Bedrooms5
- Bathrooms3
- Full Baths3
- Stories1
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Peter Rundel
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Lierly Roque Reyes (#MFR261558754)
Listing Office: SELLING USA, LLC (#MFR261569177)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.