Wade M. Berlin

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 liesat almost acre in the coveted central cocoanut neighborhood (a historic district known for its charming, vintage homes and vibrant community atmosphere) theres 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 knockingliterally. Located in opportunity zone 2, where investors can take advantage of preferential tax treatment and special community lendingsee 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 rentalas it was for the last 6+ years (as recently as april 2025), its 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 projecta 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 newbe 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 youre looking for a great deal on a great house, then this is the one! Hurry over & get ready to make an offer before its gone. This motivated seller is ready to close.