$485,000
●
House -
Off Market
2171 8th STREET
SARASOTA, FL 34237
2 Beds
2 Baths,
1
Half Bath
1,362 Ft²
$493,698
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
OPPORTUNITY AWAITS! This unique property minutes from downtown
Sarasota has UNBELIEVABLE potential! It could be used as an income
producing rental, a home, or even an office and workspace for a
small business. The expansive lot features an adorable 2 bedroom, 1
bath single-family home, a small warehouse, and plenty of space to
spread out and accommodate all your needs. PLUS, there are also two
full RV hookups connected to water, electricity, and sewer. Rent
out the house, warehouse, or lot OR keep it all for yourself. The
possibilities are endless! Call for your private showing today!
Unit Size
1,362 Ft²
Days on Market
287 days
Land Size
0.27 acres
Price per sqft
$360
Property Type
House
Property Taxes
$196
HOA Dues
-
Year Built
1952
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Stellar MLS #A4542829)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2023 | Sold | ||
| Sold | |||
| Jul 25, 2022 | Listed by COLDWELL BANKER REALTY | $489,900 | |
| Listed by COLDWELL BANKER REALTY | |||
| May 10, 2022 | No longer available | - | |
| No longer available | |||
| Apr 12, 2022 | Listed by BETTER HOMES & GARDENS REAL ESTATE ATCHLEY PROPERT | $529,000 | |
| Listed by BETTER HOMES & GARDENS REAL ESTATE ATCHLEY PROPERT | |||
| | |||
|
OPPORTUNITY AWAITS! This unique property minutes from downtown Sarasota has UNBELIEVABLE potential! It could be used as an income producing rental, a home, or even an office and workspace for a small business. The expansive lot features an adorable 2 bedroom, 1 bath single-family home, a 400 sq ft warehouse under air, and plenty of space to spread out and accommodate all your needs. PLUS, there are also two full RV hookups connected to water, electricity, and sewer. Rent out the house, warehouse, or lot OR keep it all for yourself. The possibilities are endless! Call for your private showing today! The manager has listed the unit size as 1362 square feet.
| |||
| Feb 8, 2022 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Park East
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Listed by: Sherry Johnson
COLDWELL BANKER REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4542829
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
COLDWELL BANKER REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4542829
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017