Investor Opportunity in Sarasota! 2 bed / 1 bath residential property situated on a 5,189 sq ft lot in the Newtown Farms area. This value add asset includes two structures the main block home (~692 sq ft, 2 beds/1 bath with enclosed carport) and a secondary converted utility building currently used as a 1 bed/1 bath unit offering multiple income or redevelopment scenarios. The main structures roof was damaged in recent hurricanes and needs repair. Strong upside for developers or investors ideal for a fix and hold cash flow play, flip project, or tear down and rebuild new in a core Sarasota market. Property zoned RMF2. Sold as is.
Investor Opportunity in Sarasota! 2 bed / 1 bath residential property situated on a 5,189 sq ft lot in the Newtown Farms area. This value add asset includes two structures the main block home (~692 sq ft, 2 beds/1 bath with enclosed carport) and a secondary converted utility building currently used as a 1 bed/1 bath unit offering multiple income or redevelopment scenarios. The main structures roof was damaged in recent hurricanes and needs repair. Strong upside for developers or investors ideal for a fix and hold cash flow play, flip project, or tear down and rebuild new in a core Sarasota market. Property zoned RMF2. Sold as is.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Other
Flooring: Other
Living Area: 608.00
Roof: Other
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Sewer: Public Sewer
Utilities: Other
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Appliances: Other
Country: US
Furnished: Unfurnished
Interior Features: Other
Legal Description: BEG AT SW COR OF SIPLINS ADDN WHICH IS 40 FT ELY FROM E LINE OF ACL ROW RUN E ALONG N LINE OF LOT 11 NEWTOWN FARMS 200 FT FOR POB TH CONT ON SAME LINE 100 FT TH ANGLE OF 90 DEG TO RIGHT 50 FT TH
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