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2347 TANGERINE DRIVE
About This Property
Tastefully remodeled in 2022/2023, this home has been extensively updated for today's homeowner. Improvements include new impact-resistant windows, a new A/C system with completely new ductwork, new attic insulation, and all-new plumbing for both water and sewer lines. The remodeled kitchen features modern finishes and functionality, while the beautifully updated bathrooms and new flooring throughout create a fresh, contemporary feel.
The fully fenced yard provides privacy and outdoor space for relaxing, entertaining, pets, or enjoying the year-round Sarasota sunshine. A large new shed adds valuable flexibility and can easily serve as additional storage, an art studio, workshop, hobby space, or creative retreat.
South Gate is one of Sarasota's established and desirable neighborhoods, known for its convenient central location and easy access to everything the area has to offer. Spend the day at world-famous Siesta Key Beach, enjoy the vibrant dining and cultural scene of downtown Sarasota, or take advantage of nearby shopping, medical facilities, and A-rated schools.
Whether you're looking for a primary residence, seasonal Florida retreat, or investment property, this extensively remodeled South Gate home offers exceptional value and the convenience of having the major updates already completed. Come experience why South Gate Sarasota continues to be one of the area's most desirable places to call home!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017