1903 N ALLENDALE AVENUE SARASOTA FL 34234 MLS #TB8320670

1903 N ALLENDALE AVENUE
SARASOTA, FL, 34234
$550,000
5 Beds
3 Baths
1,900 SqFt
0.25 Acres
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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.

Property Details

Price:
$550,000
MLS #:
TB8320670
Status:
Active
Beds:
5
Baths:
3
Address:
1903 N ALLENDALE AVENUE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
LEISURE LAKES
Neighborhood:
34234 – Sarasota
City:
SARASOTA
Listed Date:
Nov 13, 2024
State:
FL
Finished Sq Ft:
1,900
Total Sq Ft:
1,900
ZIP:
34234
Lot Size:
11,011 sqft / 0.25 acres (approx)
Year Built:
1956
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Schools

Interior

Appliances
Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Luxury Vinyl
Heating
Central
Laundry Features
Laundry Room

Exterior

Construction Materials
Block, Stucco
Exterior Features
Other
Roof
Shingle

Financial

Tax Year
2023
Taxes
$2,817

Map

Community

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1903 N ALLENDALE AVENUE
SARASOTA, FL