2915 LYNNHURST ST, Sarasota, FL 34239
2915 LYNNHURST ST, Sarasota, FL 34239
2915 LYNNHURST ST, Sarasota, FL 34239
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$475,000
Est. payment /mo
4 Beds
2 Baths
1,632 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,632 sqft

Price per Sqft $291

Subdivision Rio Vista

MLS Listing ID A4687789

Bedrooms 4

Construction Status Completed

HOA Y/N No

Year Built 1945

Annual Tax Amount $4,099

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50x121

Property Sub-Type Duplex

Source Stellar MLS

Property Description

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.

Location

State FL

County Sarasota

Community Rio Vista

Area 34239 - Sarasota/Pinecraft

Zoning RSF3

Interior

Interior Features Eat-in Kitchen, Stone Counters, Thermostat

Heating Central, Electric, Space Heater

Cooling Central Air

Flooring Luxury Vinyl

Furnishings Partially

Fireplace false

Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Laundry Common Area, Outside

Exterior

Exterior Feature Fence, Private Mailbox, Storage

Parking Features Guest, Off Street, Open

Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description Landscaped, Near Public Transit, Paved

Entry Level Two

Foundation Pillar/Post/Pier

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding,Frame

New Construction false

Construction Status Completed

Schools

Elementary Schools Alta Vista Elementary

Middle Schools Brookside Middle

High Schools Sarasota High

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4687789


Read Less Info
Stellar MLS
Listed by Sarah Allbee, PA FIVE STAR REAL ESTATE OF FLORIDA LLC

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John L Strauss
John L Strauss

Agent | License ID: SL3563313

+1(386) 848-8333

JohnLStrauss.com

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2915 LYNNHURST ST