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416 Adelia Avenue

Sarasota, FL 34236
  • $695,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: A4534487
Price Reduced
UPDATED: 17 min ago
$695,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,175
    SQFT
  • $320
    $/SQFT
Type:
Multi-Family
Built:
1932
County:
Area:

School Ratings & Info

Description

INVESTOR ALERT! Hurry in to view this income-producing triplex for instant cash flow. Conveniently located in up-and-coming Gillispie Park. Given its closeness to downtown Sarasota, this property has a very high demand for tenants with short- vacancies and significant income potential. This property consists of 2, 2bed/1bath units in the front and a studio in the rear. Unit 416 is unoccupied and has been updated, with fresh paint, new wood-like vinyl flooring, kitchen cabinets & countertops. Units 418 and 420 are both tenant occupied. Newly installed roof (2022), exterior paint, and landscaping improvements. Electric separately metered, 1 meter for water. Professional management is in place, so this can be an easy turn-key investment opportunity. All said, this property offering presents an exceptional value-add opportunity in a submarket with explosive growth and proven rental demand. Showings are available by appointment only.

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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-05-17T07:43:27.05.
www.floridasuncoasthouses.com/homes/128464866
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416 Adelia Avenue Sarasota, FL 34236

  • Price: $695,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 17 min ago
  • MLS #: A4534487
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2,175
SQFT
$320
$/SQFT
1932
Built
Neighborhood:
Pos Resub Pt Blk K & Pt Blks 5&6 Central Park 01
County:
Sarasota
Area:
Sarasota
Property Description
INVESTOR ALERT! Hurry in to view this income-producing triplex for instant cash flow. Conveniently located in up-and-coming Gillispie Park. Given its closeness to downtown Sarasota, this property has a very high demand for tenants with short- vacancies and significant income potential. This property consists of 2, 2bed/1bath units in the front and a studio in the rear. Unit 416 is unoccupied and has been updated, with fresh paint, new wood-like vinyl flooring, kitchen cabinets & countertops. Units 418 and 420 are both tenant occupied. Newly installed roof (2022), exterior paint, and landscaping improvements. Electric separately metered, 1 meter for water. Professional management is in place, so this can be an easy turn-key investment opportunity. All said, this property offering presents an exceptional value-add opportunity in a submarket with explosive growth and proven rental demand. Showings are available by appointment only.
Exterior Features

Carport Yn No Construction Materials Wood FrameWood Siding Covered Spaces 0 Exterior Features Awning(S) Foundation Details Crawlspace Lot Size Dimensions 50X100 Open Parking YN No Pool Private Yn No Road Surface Type Paved Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Yn No Heating None Heating YN No Interior Features Ninguno Sewer Public Sewer Water Source Public

Property Features

Annual Net Income 41440 Association Yn No Cdd Yn No DPR No Flood Zone Code X Garage Yn No Listing Terms CashConventional New Construction Yn No Ownership Fee Simple Property Sub Type Triplex Senior Community Yn No Special Listing Conditions None Sw Subdiv Community Name Gillespie Park Sub Tax Annual Amount 3384.65 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Dtn


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Relax Realty Group Inc.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-05-17T07:43:27.05.
 
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