$550,000
For Sale

1903 N ALLENDALE AVENUE

Sarasota, FL 34234
1900 sqft | 5 beds | 3 baths | 0.25 acres | #TB8320670
Browse 25 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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.

  • Interior Details
      • InteriorCeiling Fans(s)
    • Beds & Baths
      • Bedrooms5
      • Bathrooms3
      • Full Baths3
  • Property Details
      • Exterior MaterialsOther
      • Stories1
    • Measurements
      • Acres0.25
      • Square Feet1900
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1956
    • Material information
      • FoundationSlab
  • Utilities / Energy Details
      • Utility FeaturesCable Available, Electricity Connected, Public
      • Sewer InformationSeptic Tank
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionLEISURE LAKES
    • Location
      • CountySarasota
  • Financial Details
      • Original List Price$550,000
      • Taxes Annual$2,817
      • Days on Market (Cumulative)10
  • Other
      • MLS #TB8320670

Location

Stephanie LeFew | Keys to Castles GroupReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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