$530,000
For Sale

1903 N ALLENDALE AVENUE

Sarasota, FL 34234
1900 sqft | 5 beds | 3 baths | 0.25 acres | #TB8320670
Browse 25 photos
Type:Purchase
Structure:House
Zone:Residential

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)41
      • Bedrooms5
      • Bathrooms3
      • Full Baths3
      • Stories1

Location

Alfonso Gonzalez | People's Choice Realty Services LLC Real Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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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.

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