1655 24TH STREET, Sarasota, FL 34234

• 3 beds |
• 2 baths |
• 975 sqft

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.

Listing Status:

Active

Date Added:

September 23, 2026

Data Last Updated:

September 28, 2026 at 2:22PM

Listing Office:

FINE PROPERTIES : 941-782-0000

Listing Agent:

Maggie March, PA : 941-303-0187

Contact:

941-782-0000

MLS ID:

A4706879

Interior

• General: Ceiling Fans(s)
• Appliances: Electric Water HeaterMicrowave
• Laundry: Laundry Closet
• Flooring: LaminateTile
• A/C: Central Air
• Heating: Central

Exterior

• General: Lighting
• Style: Other
• Parking: Off Street

Construction

• Roofing: Shingle
• General: BlockStuccoOneSlab

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Sarasota

Lot

• Zoning: XLOT 8 & 1/2 VACATED ALLEY ADJ THERETO BLK 11 FIRST ADD TO NEWTOWN2024020066
• Fencing: Other

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple