2915 LYNNHURST STREET, Sarasota, FL, 34239
4 beds
1945
1,632 sqft
CASH-FLOW OPPORTUNITY! This INCOME-PRODUCING DUPLEX is already done for you and delivering strong returns with a 7% CAP RATE and SOLID ANNUAL TENANTS IN PLACE. The property has been BEAUTIFULLY UPDATED with all major mechanicals handled, including a NEW ROOF (2021), UPDATED AC UNITS (2021 upstairs and 2018 downstairs), and a FULL RE-PLUMB (2019) with PEX, PVC, and NEW SEWER lines. Both units feature UPDATED KITCHENS AND BATHROOMS along with DURABLE VINYL FLOORING THROUGHOUT, while the upstairs unit includes NEW APPLIANCES, CABINETS, AND COUNTERTOPS. Each unit is INDIVIDUALLY METERED, tenants PAY ALL UTILITIES, and both are currently rented at $1,800 per month to excellent tenants. The downstairs unit is being sold TURNKEY FURNISHED and has previously been used as a SHORT-TERM RENTAL, offering additional income potential. The property is ideally located just 2 miles to downtown Sarasota, Right Next to Arlington park and pool, around the corner from Pinecrest and 3 miles to Bayfront Park, with close proximity to public transportation and the Legacy Trail. Additional highlights include a FULLY FENCED YARD, SHADED BACKYARD SPACE, a LARGE COVERED STORAGE SHED, and PARKING FOR UP TO 5 VEHICLES. NO FLOOD INSURANCE IS REQUIRED with NO FLOODING OR STORM DAMAGE!!! This is a rare opportunity to own an UPDATED, STABLE, CASH-FLOWING PROPERTY from day one.
Status:
Active
Type:
Multi-family
Furnished Remarks:
Partially
Laundry Remarks:
Common Area, Outside
Units:
2
Subdivision:
RIO VISTA
Garage:
Guest, Off Street, Open
Heating:
Central, Electric, Space Heater
Cooling:
Central Air
Lot Size:
50 x 121
Acreage:
0.14
Est. Taxes:
$4,100
Construction
Vinyl Siding, Wood Frame
Utilities
Electricity Connected, Public, Sewer Connected, Water Connected
Lot Description:
Landscaped, Near Public Transit
Elementary School:
Alta Vista Elementary
Middle School:
Brookside Middle
High School:
Sarasota High
Days on Market:
16
Pet Policy:
Yes
Appliances:
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Lease Term Type:
12 Months
MLS #:
A4687789
Community Info
School Info
Walk Score
Yelp
Listing courtesy of FIVE STAR REAL ESTATE OF FLORIDA LLC 904-539-3336