Your Agent

Joseph Puck McNay

REALTOR® | Cincinnati Specialist

513-226-4387

Property Attributes

MLS#A4706879
TypeSingle Family
Listing Status Active
CountySarasota
CitySARASOTA
AreaSarasota
NeighborhoodNEWTOWN
Zip34234
StyleOther
Year Built2005
Taxes$ 2760
Price$ 235,000
Bedrooms3
Full Bathrooms2
Half Bathrooms0
Sqr Footage975
Lot Size0.13 Acres

Data Source:

Stellar MLS

Property Description

Investment Opportunity income-producing investment in a community on the rise This 3-bedroom, 2-bathroom home in Sarasota’s Amaryllis Park neighborhood offers an opportunity to acquire an income-producing property in an established community on the rise. The area is positioned for continued improvement through ongoing property investment, neighborhood revitalization, and broader community development. The property is also being prepared with a focus on functionality, rental appeal, and meeting quality standards for long-term housing. It is my opinion that t his property presents a solid opportunity to acquire an income-producing, 3-bedroom/2-bathroom home in an established neighborhood on the rise. Based on a total capital outlay of approximately $66,900—which includes the down payment, estimated closing costs, financing fees, prepaids, and remaining repair allocations—the property is projected to generate $800 in true net monthly cash flow after operating expenses. This equates to a projected annual net cash flow of $9,600, yielding a healthy cash-on-cash. These figures reflect a realistic, 'all-in' investment scenario and provide a stable foundation for long-term rental performance as the community continues its revitalization.

Price History
9/24/2026	Listed $235,000

General Features

Sewer	Public Sewer
Heating	Central
Cooling	Central Air
Utilities	Public
Roof	Shingle
Appliances	Electric Water Heater,Microwave
Zoning	X
Architectural Style	Other
Construction Materials	Block,Stucco
Year Built	2005
Levels	One
Property Subtype	Single Family Residence
Tax Year	2025
Ownership	Fee Simple
County	Sarasota
New Construction	false
Property Type	Residential
Subdivision Name	NEWTOWN
Facing Direction	South
Garage Y/N	false
Total Rooms	7
Full Baths	2
Status	Active
Directions	Take I-75 to Exit 210 (Fruitville Rd) and head west toward Sarasota. Continue west on Fruitville Rd, turn right onto N Orange Ave, then turn left onto 24th St and continue to 1655 24th St.
City	SARASOTA
Senior Community Y/N	false
MLS Area	34234 - Sarasota
Lot Size Units	Square Feet
Lot Size Square Feet	5750
Carport Y/N	false
Land Lease Y/N	false
Tax Annual Amount	2760
Home Warranty Y/N	false
Property Condition	Completed
Additional Parcels Y/N	false
Lease Considered Y/N	true
Virtual Tour	https://www.propertypanorama.com/instaview/stellar/A4706879
Building Area Units	Square Feet
Living Area Units	Square Feet
Standard Status	Active
Occupancy Type	Vacant
Tax Lot	8
Legal Description	LOT 8 & 1/2 VACATED ALLEY ADJ THERETO BLK 11 FIRST ADD TO NEWTOWN
Minimum Lease	8-12 Months
Water Access Y/N	false
Water View Y/N	false
Flood Zone Code	x
In Law Suite YN	false
Flood Zone Code X	Yes

Interior Features

Interior Amenities	Ceiling Fan(s)
Flooring	Laminate,Tile
Furnished Y/N	Unfurnished
Total Stories	1
Air Conditioning Y/N	true
Heating Y/N	true
Fireplace Y/N	false
Laundry Features	Laundry Closet
Total Bedrooms	3
LivingAreaSource	Public Records
Total Baths	2

Exterior Features

Exterior Amenities	Lighting
Vegetation	Trees/Landscaped
Fencing	Other
Parking Features	Off Street
Lot Features	Level,Sidewalk
Water Source	Public
Lot Size Area	5750
Foundation Details	Slab
Building Area Total	975
Lot Size Acres	0.13
Road Surface Type	Paved,Asphalt
Private Pool	false
Waterfront Y/N	false
Road Frontage Type	Street Paved
Number of Lots	1