1903 North Allendale Avenue Sarasota, FL 34234

$530,000
Reduced $20,000
5
Beds
3
Baths
0.25
Acres
1,900
SQFT
279
$/SQFT
$530,000
Reduced
$20,000
5
Beds
3
Baths
1,900   sf
$279 / sf
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Discover a fantastic investment opportunity with this beautifully renovated property, perfectly located on an 11,000 sq ft lot. This unique setup includes two separate, income-generating residences: a spacious main house with three bedrooms and two bathrooms, and a cozy detached apartment with two bedrooms and one bathroom. Both properties were fully updated in 2024, including new electrical, plumbing, AC, roof, kitchens, bathrooms, and impact windows and doors, making this truly turnkey—move-in or rent-ready from day one.With current appraisals placing its value at $625,000, this property comes with approximately $100,000 in equity, offering an excellent return for the next owner. Rental potential is high, with similar properties in the area fetching around $4,500 monthly for both units combined. For even more earning potential, consider turning it into a short-term rental or Airbnb.The location adds significant appeal: two blocks from the Baltimore Orioles Stadium, five minutes from downtown Sarasota, and within easy reach of top beaches—Lido Key is 10 minutes away, while Siesta Key, one of the nation’s best, is just a 20-minute drive. Plus, Sarasota-Bradenton Airport and the UTC Shopping Mall are both under 10 minutes away, making this an ideal spot for residents or vacationers.Whether you want to live in one unit and rent the other, or lease both, this property is ready to be a valuable addition to your investment portfolio.

Discover a fantastic investment opportunity with this beautifully renovated property, perfectly located on an 11,000 sq ft lot. This unique setup includes two separate, income-generating residences: a spacious main house with three bedrooms and two bathrooms, and a cozy detached apartment with two bedrooms and one bathroom. Both properties were fully updated in 2024, including new electrical, plumbing, AC, roof, kitchens, bathrooms, and impact windows and doors, making this truly turnkey—move-in or rent-ready from day one.With current appraisals placing its value at $625,000, this property comes with approximately $100,000 in equity, offering an excellent return for the next owner. Rental potential is high, with similar properties in the area fetching around $4,500 monthly for both units combined. For even more earning potential, consider turning it into a short-term rental or Airbnb.The location adds significant appeal: two blocks from the Baltimore Orioles Stadium, five minutes from downtown Sarasota, and within easy reach of top beaches—Lido Key is 10 minutes away, while Siesta Key, one of the nation’s best, is just a 20-minute drive. Plus, Sarasota-Bradenton Airport and the UTC Shopping Mall are both under 10 minutes away, making this an ideal spot for residents or vacationers.Whether you want to live in one unit and rent the other, or lease both, this property is ready to be a valuable addition to your investment portfolio.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Sarasota
  • Area
    34234 - Sarasota
  • Tax Amount
    $2,817
  • Status
    Active
  • Listing #
    TB8320670
  • Built
    1956
  • Lot Size
    0.25
  • Listed on site
    122 days

Listed by:
Selling Usa, Llc

Source:
StellarMLS

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Property details

Community Features

  • No HOA
  • Rental Restrictions - No Minimum

Property Features

  • Sewer
  • Has Virtual Tour

Exterior features

  • No Pool
  • Stucco

Interior Features

  • Central Air Conditioning
  • Fire Place
  • Laundry Hookup

Financing

  • Cash
  • Conventional Financing
  • FHA Loan
  • None

Property History

DateDays AgoEventNew Price
Dec 2, 20243 mos agoPrice decreased20,000 (4%)$530,000
Nov 13, 20244 mos agoNew on market$550,000
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Owner, REALTOR®
Photo of Katy McBrayer-Lynch
Katy McBrayer-Lynch