3713 TWILIGHT PLACE

$595,000

SARASOTA, FL 34232 - 2 bed | 1 full bath | 1122 sqft |  Single Family

Description

PRIME INVESTMENT OPPORTUNITY! This income producing property currently consists of 5 single family residences netting approximately $42,000 per year in income. Currently being offered at a 7 cap investment return, this is a great place to park some investment capital or 1031 Exchange Income. Current zoning allows for an additional 3 homes or townhomes to be built upon the property for a total of 8 units. Centrally located off of the busy Beed Ridge corridor, this is a great opportunity to realize income while looking towards the future for additional development where your returns can measure into the double digits.

Interior Features

  • Bedrooms 2
  • Full Baths: 1
  • SQFT: 1122

Exterior Features

  • Lot Size: 6534.000260

Utilities

  • Central Air: Central A/C
  • Heating Desc: Other

Community Details

Additional Information

  • County: Sarasota
  • Property Type: Single Family
  • Subdivision: Pine View Terrace
  • Annual Taxes: $1,180
  • Year Built: 1952

Presented by:

Brandy Coffey

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