TurnKey 3/2 SFH In Sarasota, FL

No HOA 

Short Drive To Beach 

Click Here- Photo Link!

BUY: $425,780
ARV: $620,000
Short Term Rent: $3,728

Please contact us at 321-384-5006 

Property Info 🏠

• 🏡 3 Bed, 2 Full Bath
• 🔥 Heating and Cooling: Central
• 🏠 Roof: Shingle
• 🌿 Enclosed Screened Lanai
• 🍽 Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
• 👕 Laundry: Electric Dryer Hookup, In Garage, Washer Hookup
• 🛋 Flooring: Vinyl, Hardwood
• 🧱 Material: Brick
• 🏗 Foundation: Slab

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Property Details

We have a 3-bedroom, 2-bath home in Sarasota. This TurnKey Brick property is just a short drive from Siesta Key's Beach. The kitchen features wood cabinets, granite surfaces, stainless steel appliances, and a walk-in pantry. Both bathrooms have been recently updated. The master bath has a double sink, granite countertop vanity, and a walk-in shower.

The home has good curb appeal with a corner lot and a circular driveway for guest parking.

Pictures: https://drive.google.com/drive/folders/1dZ9ybRgy5_FOuxWXBhlHrzGibtbJSspx?usp=sharing

Pros:

1. Prime Location: Conveniently located to shopping and dining venues and a short drive to Siesta Key's world-famous beach.
2. Value Add Potential: With an After Repair Value (ARV) of $620,000 against a buying price of $425,780, there is an opportunity for significant equity growth. Buy with $191,000 in Gross Margin/ Equity.
3. High Rental Potential: It is great for short-term vacation rentals, maximizing rental income.
4. No HOA
   
   

Investment Strategies:

Short-Term Rental Focus: Maximize returns by targeting tourists through platforms like Airbnb and Vrbo, capitalizing on the property's location and amenities.

Value Add Upgrades: Minor aesthetic improvements or theming could push the ARV higher and command premium rental rates.

Off-Peak Strategy: Implement off-season discounts or targeted marketing to maintain occupancy during slower periods.

Professional Management: Engage a property management company to handle guest turnover, and maintenance, and optimize pricing strategies for consistent income.

Conclusion:

Investing in this property presents a strong opportunity for both short-term rental income and equity growth. With the right management and marketing, investors can expect to see robust returns, leveraging both rental income and property appreciation.

Comps:

2814 Concord St, Sarasota, FL 34231

Sold on 08/29/24 $640,000

5350 Matthew Ct, Sarasota, FL 34231
Sold on 05/31/24 $660,500

2465 Constitution Blvd, Sarasota, FL 34231
Sold on 07/30/24  $619,000

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DISCLAIMER:

• All offers are Cash or Private Lender Only.
• Deposits for all properties are non-refundable.
• Properties are sold AS-IS with NO inspection period; Please inspect first.
• Buyer pays all closing costs for buyer and sellers.
• Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 
• Citywide Investments, LLC is not a licensed contractor or appraiser.
• Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.
• Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.