2915 Lynnhurst St, Sarasota, Florida 34239

  • $475,000

Description

CASH-FLOW OPPORTUNITY! This INCOME-PRODUCING DUPLEX Two 2bed 1bath units, 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.

Details

  • Property ID A4687800
  • Price $475,000
  • Property Size 1632 Sqft
  • Land Area 0.14 Acres
  • Bedrooms 4
  • Bathrooms 2
  • Year Built 1945
  • Property Type Single Family Residence, Residential
  • Property Status Active

Additional details

  • Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
  • Roof Shingle
  • Utilities Electricity Connected, Public, Sewer Connected, Water Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central, Electric, Space Heater
  • Flooring Luxury Vinyl
  • County Sarasota
  • Property Type Residential
  • Parking Guest, Off Street, Open
  • Elementary School Alta Vista Elementary
  • Middle School Brookside Middle
  • High School Sarasota High
  • Address: 2915 LYNNHURST STREET
  • City: Sarasota
  • State/county: FL
  • Zip/Postal Code: 34239
  • Country: US

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