Beds3
Baths3
Sq.Ft.1,680
Year1953
Tony Almengual
941-552-6036
Status:
Active
Property Type:Triplex
MLS #:A4557875
Sq. Feet:1,680
On Site:66 Days
Lot Size:6,400 Sq. Ft.
County:Sarasota
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. The roof, the plumbing, the Ac's, full interiors, everything. Interior laundry added for each unit, and each tenant pays their own utilities. It's basically new construction. We have professional management placing annual tenants as we speak (1/20), they can be retained at buyers choice. 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. POSSIBLE PRIVATE FINANCING at 7.5% I/O!
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Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 2/7/2023 | $1,250,000 | $1,150,000 | -8% |
| 2/21/2023 | $1,150,000 | $1,050,000 | -8.7% |
| 3/6/2023 | $1,050,000 | $975,000 | -7.1% |
| 3/14/2023 | $975,000 | $925,000 | -5.1% |
Community Information
Address:651 Madison Ct, Sarasota, FL 34236
Area:34236 - Sarasota
County:Sarasota
City:Sarasota
Subdivision:Washington Park
Zip Code:34236
Architecture
Bedrooms:
3
Bathrooms:
3
Year Built:1953
Construction Materials: Block, Stucco
Roof: Metal
Foundation: Slab
Features / Amenities
Interior Features: Ceiling Fans(s)
Appliances: Microwave, Range, Refrigerator
Cooling: Mini-Split Unit(s)
Heating: Electric
Air Conditioning: Mini-Split Unit(s)
Property Features
Lot Size:
0.15 Acres / 6,400 Sq. Ft.
Lot Dimensions:64x100
Waterfront Feet: 0
Lot #: 41
Flood Zone: X
Utilities: Electricity Connected, Water Connected
Sewer: Public Sewer
Water: Public
Road Surface: Asphalt
Zoning:RSM9
Directions:Turn onto Madison Ct, last house on the left
Tax and Financial Info
Tax Year: 2022
Tax Annual Amount: $8,793
Ownership: Fee Simple
Financing Available: Cash, Conventional
Homestead: No
Total Annual Fees: $0
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651 Madison Ct Sarasota, FL 34236
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Listing provided courtesy of Compass Florida LLC.
© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved.
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. 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. Stellar MLS data last updated at March 25, 2023 5:15 PM EST.
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. 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. Stellar MLS data last updated at March 25, 2023 5:15 PM EST.
