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651 Madison Court

Sarasota, FL 34236
  • $925,000
  • STATUS: Active
  • ON SITE: 131 Days
  • MLS #: A4557875
UPDATED: 42 min ago
$925,000
  • 3
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,680
    SQFT
  • $551
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

Description

Did your stock portfolio get killed in 2022? Yep, mine too. What we should have done is buy a boring cash flowing asset, in a prime location. Something that doesn't have any differed maintenance, a true Class - A rental building. We should have bought this. Every single surface has been touched in this Laurel Park triplex. All 3 units are 1/1's, slightly different in size, and pay their own utilities (2 of them currently rented for $1995 and $1895, respectively. The roof, the plumbing, the Ac's, full interiors, everything! This can be STR'd if you prefer that path as well. Throw in another 40k or so per year in tax deductible depreciation, this is the one. A true no-brainer.

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© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-05-31T22:45:07.38.
www.thegriffingroup.net/homes/136203819
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651 Madison Court Sarasota, FL 34236

  • Price: $925,000
  • Status: Active
  • On Site: 131 Days
  • Updated: 42 min ago
  • MLS #: A4557875
3
Beds
0
Baths
0
½ Baths
0.15
Acres
1,680
SQFT
$551
$/SQFT
1953
Built
Neighborhood:
Washington Park
County:
Sarasota
Area:
Sarasota
Property Description
Did your stock portfolio get killed in 2022? Yep, mine too. What we should have done is buy a boring cash flowing asset, in a prime location. Something that doesn't have any differed maintenance, a true Class - A rental building. We should have bought this. Every single surface has been touched in this Laurel Park triplex. All 3 units are 1/1's, slightly different in size, and pay their own utilities (2 of them currently rented for $1995 and $1895, respectively. The roof, the plumbing, the Ac's, full interiors, everything! This can be STR'd if you prefer that path as well. Throw in another 40k or so per year in tax deductible depreciation, this is the one. A true no-brainer.
Exterior Features

Carport Yn No Construction Materials BlockStucco Covered Spaces 0 Exterior Features Other Foundation Details Slab Lot Size Dimensions 64X100 Open Parking YN No Pool Private Yn No Road Surface Type Asphalt Roof Metal Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances MicrowaveRangeRefrigerator Cooling Mini-Split Unit(S) Cooling YN Yes Fireplace Yn No Heating Electric Heating YN Yes Interior Features Ceiling Fans(S) Sewer Public Sewer Water Source Public

Property Features

Annual Net Income 62000 Association Yn No Cdd Yn No Down Payment Resource No Flood Zone Code X Garage Yn No Listing Terms CashConventional New Construction Yn No Ownership Fee Simple Property Sub Type Triplex Senior Community Yn No Special Listing Conditions None Sw Subdiv Community Name Not Applicable Tax Annual Amount 8793 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity ConnectedWater Connected Zoning Rsm9


Listing information © 2023 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Compass Florida Llc: 941-265-7692.



© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-05-31T22:45:07.38.
 
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