651 MADISON COURT at

651 MADISON COURT

For sale Days on market 42

$1,149,000

$684/sq ft

$150,000
Price Decreased

показать похожие

Overview

Bedroom

Year Built

1953

Sqft

1680

Property Type

Triplex

Property Description

651 Madison Court is a tidy & attractive multi-family home located in the highly desirable neighborhood of Laurel Park, adjacent to downtown Sarasota. The property, which consists of (3) one bedroom, one bathroom apartments, originally constructed in 1953, and extensively renovated in 2023, is fully rented with 3 excellent long term (annual) tenants. The lot location is quiet and attractive, at the end of non-thru street, with neighbors including the Sarasota senior friendship center, multi million dollar new construction homes, the Hudson Bayou waterway and Laurel park kayak launch, downtown Sarasota, Selby Gardens and its marina & waterfront. The 1680 sq/ft concrete block structure includes a 2023 metal roof, 2023 updates to electrical and plumbing systems, impact windows, stylish new kitchens and bathrooms, tile floors, and HVAC systems. The apartments are separately metered for electricity and city services and tenants are paying all utilities individually. Though currently occupied with wonderful annual tenants, the City of Sarasota location makes future use for short term rentals possible, at a 7 night minimum, and there are several other STR's in close proximity. It would be a wonderful 1031 exchange, and is located within the City of Sarasota Qualified Opportunity Zone 1.02, for additional tax advantaged investment, for a potential buyer. Please do not disturb tenants. Access by appointment only.

Property Details

MLS#

GC538888

Address

651 MADISON

City

Sarasota

State/county

Zip/Postal Code

34236

Area

Washington Park

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$12,724

Maint Fee

$--

Tax Year

2025

Electric Water Heater

Microwave

Range

Range Hood

Refrigerator

Washer

City

Trees/Woods

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. © MIAMI Association of REALTORS®, all rights reserved.