🌟 Fix & Flip Opportunity in Sought-After Neighborhood Sarasota, FL 🌟

Manatee County, Sarasota, FL, 34243
Sold
Listed at: September 16th, 2024
Price
$285,000
ARV
$415,000
Gross Margin
$130,000
Sq. Footage
1320
Type
Single-Family
Parking
Driveway
Year build
1973
Lot size
0.28 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

 

📍 Address: 826 Lillian Ln, Sarasota, FL 34243
🛏️ Beds/Baths: 3 Beds, 2 Baths
📐 Square Footage: 1,320 sqft
💰 Asking Price: $305,000
🏠 After Repair Value (ARV): $415,000 (Conservative Estimate)


🚀 Deal Overview:

This beautiful 3 bed, 2 bath home is located in a highly sought-after Sarasota community with strong comps to back up its incredible potential. This is a prime fix & flip deal, with the property needing only cosmetic updates and a new roof. All major systems including foundation, electrical, plumbing, and HVAC are in excellent condition, making this an ideal investment.

🏡 Why You Should Consider:

  • Sought-After Location: Sarasota is a hot market with high buyer demand.
  • Minimal Work Needed: Only cosmetic updates and a new roof are required.
  • Strong ARV Potential: Conservative ARV of $415,000 with upside for more!

💡 What’s Already in Great Shape:

  • Foundation
  • Electrical
  • Plumbing
  • HVAC

📊 Comparable Sales:

  • 6613 Fairway Dr, Sarasota, FL 34243 – Sold for $425,000 on 05/09/23
  • 816 Queen Palm Ln, Sarasota, FL 34243 – Sold for $381,000 on 07/16/24 (3 bd, 2 ba, 1,410 sqft)
  • 7036 13th St E, Sarasota, FL 34243 – Sold for $450,000 on 05/23/24 (3 bd, 2 ba, 1,484 sqft)
  • 822 Wee Burn St, Sarasota, FL 34243 – Sold for $430,000 on 05/07/24, currently on the market for $475,000
  • 6624 Fairway Dr, Sarasota, FL 34243 – Sold for $430,000 (3 bd, 2 ba, 1,440 sqft)

💼 Investment Highlights:

  • Great Value: Asking only $325,000 with a conservative ARV of $415,000 (can sell for more in this hot market!)
  • Minimal Repairs: Focus your efforts on cosmetic updates and a roof replacement, as the big-ticket items are in great shape.
  • Prime Location: Homes in this community are flying off the market.

Don't miss out on this incredible fix & flip opportunity in Sarasota, FL! This property is perfect for investors looking for high returns in one of the hottest markets in Florida.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Teeshan Udayakumar (845 -238 - 4717)

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