2107 Phillippi St, Sarasota, FL 34231

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Home Description

Under contract-accepting backup offers. 3 bedroom 3 bath income producing property that brings in $3700 monthly. This home is currently being used as a Triplex rental property with each unit having a private entrance. It could also be used as a single-family residence for a family/owner occupant. Each unit has interior doors to access the rest of the home. The current layout of the home is 1. A studio apartment with a breakfast bar and a full bathroom. Currently rented month to month for $750 a month. 2. A one-bedroom with a living room, kitchen, and bathroom that is rented for $1500 a month. Tenant can stay for 9 months or would be willing to vacate in 30 days. 3. Another one-bedroom with a living room, full kitchen, and a bathroom that is vacant but was previously rented for $1450. Home is on city water, electric, and sewer. There is one meter for the entire property and all utilities are currently being paid by the owner which runs around $500 a month typically. Motivated seller and priced way below comps for a quick sell. This would be a perfect opportunity for someone to live in one unit and rent out the other two while living for free and making cash flow. Huge half-acre lot with plenty of room to build more units or structures. Many renovations were done to the home 4 years ago including new kitchens, bathrooms, and flooring. The pictures are old and don't do it justice.