Property
Beds
3
Full Baths
1
1/2 Baths
None
Year Built
1960
Sq.Footage
1,134
Calling all SAVVY INVESTORS. The home boasts a NEW ROOF in 2014, and NEW HVAC in 2023 but the PROPERTY is where the real value lies…at almost ¼ ACRE in the COVETED CENTRAL COCOANUT NEIGHBORHOOD (a historic district known for its charming, vintage homes and vibrant community atmosphere) there’s plenty of room for a 650sf ADU/RENTAL/GRANNY FLAT and being zoned RMF2 (Residential, Multi-Family) a duplex MAY even be possible. Opportunity is knocking…literally. Located in ‘OPPORTUNITY ZONE 2,’ where investors can take advantage of PREFERENTIAL TAX TREATMENT and SPECIAL COMMUNITY LENDING—see Revenue Codes 1400Z-1 & 1400Z-2 and the City of Sarasota website for details. This 3 bedroom 1 bath home can be a real money maker. The ‘how’ is up to you. Option 1) A RENTAL—as it was for the last 6+ years (as recently as April 2025), it’s a CASH COW. Sarasota Housing Authority Section 8 pays up to $2266/month for 3-bedroom homes in this zip code. Option 2) A REHAB PROJECT—a little TLC would go a long way while still qualifying as ‘AFFORDABLE HOUSING’ on the back end, even with a tidy profit built in. Option 3) BUILD NEW—be one of the many brand-new homes popping up in the area, then sell it or rent it out and reap the rewards for years to come. Best of all, this property offers LOW TAXES, is NOT IN A FLOOD ZONE, is located in evacuation zone D, and sustained NO FLOOD OR STORM DAMAGE. If you’re looking for a GREAT DEAL on a GREAT HOUSE, then this is the one! HURRY over & get ready to MAKE AN OFFER before it’s gone. This MOTIVATED SELLER is READY to close.
Features & Amenities
Interior
-
Other Interior Features
Vaulted Ceiling(s)
-
Total Bedrooms
3
-
Bathrooms
1
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric, Heat Pump
Exterior
-
Garage
No
-
Construction Materials
Frame, Wood Siding
-
Parking
Boat, Off Street, RV Access/Parking
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Near Public Transit, Paved
-
Lot Size(acres)
0.22
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Bungalow
Price
-
Sales Price
$249,000
-
Tax Amount
1737.82
-
Sq. Footage
1, 134
-
Price/SqFt
$219
HOA
-
Association
NO
School District
-
Elementary School
Gocio Elementary
-
Middle School
McIntosh Middle
-
High School
Riverview High
Property Features
-
Stories
1
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
18
-
Water Source
Public
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Location
County
Sarasota
Elementary School
Gocio Elementary
Middle School
McIntosh Middle
High School
Riverview High
Listing Courtesy of Cheryl Edwards , LPT REALTY, LLC
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