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.
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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
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Listing courtesy of COMPASS FLORIDA LLC.
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