651 Madison Court, Sarasota, FL 34236

$1,150,000
3
BD
1,680
SqFt
List Price
$1,150,000
Status
Active
Days on Market
20
Price Change
▼ $100,000 1675806406
MLS#
A4557875
Property Style
Triplex
Year Built
1953
Bedrooms
3
Living Area
1,680
Lot Size
6,400
Acres
0.15
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Washington Park
MLS Area Major
Sarasota

Property Description

Did your stock portfolio get killed in 2022? Yep, mine too. What we should have done is buy a boring cash flowing asset, in a prime location. Something that doesn't have any differed maintenance, a true Class - A rental building. We should have bought this. Every single surface has been touched in this Laurel Park triplex. The roof, the plumbing, the Ac's, full interiors, everything. Interior laundry added for each unit, and each tenant pays their own utilities. It's basically new construction. We have professional management placing annual tenants as we speak (1/20), they can be retained at buyers choice. This can be STR'd if you prefer that path as well. Throw in another 40k or so per year in tax deductible depreciation, this is the one. A true no-brainer. Seller will entertain short term, low rate financing, with a significant amount of money down.

Additional Information

Taxes
$8793
Community Features
No Deed Restriction
Zoning
RSM9
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Appliances
Microwave, Range, Refrigerator
Utilities
Electricity Connected, Water Connected
Heating
Electric
Air Conditioning
Mini-Split Unit(s)
Exterior Construction
Block, Stucco
Exterior Features
Other
Roof
Metal
Foundation
Slab
Pool
No Pool
Flood Zone Code
AE
Parcel ID
2027160069
Legal Description
LOTS 41 43 & S 9 FT OF 39 BLK C WASHINGTON PARK

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of COMPASS FLORIDA LLC.

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