Residential Property - Single Family Residence in Sarasota
Listing Price: $249,000
Description of Property
Calling all SAVVY INVESTORS. The home boasts a NEW ROOF in 2014, and NEW HVAC in 2023 but the PROPERTY is where the real value lies…at almost ¼ ACRE in the COVETED CENTRAL COCOANUT NEIGHBORHOOD (a historic district known for its charming, vintage homes and vibrant community atmosphere) there’s plenty of room for a 650sf ADU/RENTAL/GRANNY FLAT and being zoned RMF2 (Residential, Multi-Family) a duplex MAY even be possible. Opportunity is knocking…literally. Located in ‘OPPORTUNITY ZONE 2,’ where investors can take advantage of PREFERENTIAL TAX TREATMENT and SPECIAL COMMUNITY LENDING—see Revenue Codes 1400Z-1 & 1400Z-2 and the City of Sarasota website for details. This 3 bedroom 1 bath home can be a real money maker. The ‘how’ is up to you. Option 1) A RENTAL—as it was for the last 6+ years (as recently as April 2025), it’s a CASH COW. Sarasota Housing Authority Section 8 pays up to $2266/month for 3-bedroom homes in this zip code. Option 2) A REHAB PROJECT—a little TLC would go a long way while still qualifying as ‘AFFORDABLE HOUSING’ on the back end, even with a tidy profit built in. Option 3) BUILD NEW—be one of the many brand-new homes popping up in the area, then sell it or rent it out and reap the rewards for years to come. Best of all, this property offers LOW TAXES, is NOT IN A FLOOD ZONE, is located in evacuation zone D, and sustained NO FLOOD OR STORM DAMAGE. If you’re looking for a GREAT DEAL on a GREAT HOUSE, then this is the one! HURRY over & get ready to MAKE AN OFFER before it’s gone. This MOTIVATED SELLER is READY to close.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Hillcrest Park 1st Add
Bedrooms: 3
Bathrooms: 1
Sq. Ft. Gross: 1,374
Sq. Ft. Living Area: 1,134
Cost per (heated) sqare foot: $220
Year built: 1960
Annual Tax: $1,738
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Refrigerator
Additional Rooms: Inside Utility
Flooring: Tile
Schools
Elementary School: Gocio Elementary
Middle/Junior High School: McIntosh Middle
High School: Riverview High
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Bungalow
Construction: Wood Siding
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Sidewalk
Carport: Yes
Carport Spaces: 1
Parking Features: RV Parking
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Heat Pump
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing: Fenced
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Sidewalk
Lot Size (acres): 0.22
Lot Size (sq. ft.): 9,647 square feet
Lot Dimensions: 75 x 129
Road Frontage: Street Paved
Front Exposure: North
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 2024140068
Zoning: RMF2
Pets Allowed/Pet Policies: Dogs OK
Tax Legal Desc.: LOT 18 & W 1/2 LOT 20 BLK D 1ST ADD TO HILLCREST PARK
Section: 18
Range: 18E
Listing courtesy of LPT REALTY, LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.