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Single Family Residence
3 Beds / 2 Baths Total
Construction: Unknown (Existing Structures – Storm Damaged)Year Built: 1954Living Area: Approx. 1,508–1,808 Sqft Total (608 Sqft + 900–1,200 Sqft)Lot Size: 5,189 SqftGarage: NoneAge of Roof: Needs ReplacementAge of HVAC: Wall Units / Back House AC (Age Unknown)Electrical: Approx. 12–13 Years Old
Other Details:
RMF2 zoning allowing multifamily development (duplex or fourplex potential). Flood Zone X. Two existing structures on site with significant storm damage. Back house has functioning AC unit and wall units; front house condition more unknown. Septic system on property and has not been pumped recently. No liens or open mortgages per seller. Land value is primary driver for this deal.Closing Date (COE): March 31, 2026Title Company: Old Tampa BayEarnest Money Deposit (EMD): $5,000
COMPS: Development-focused land comps needed – RMF2 zoned multifamily parcels in Sarasota with similar lot size (5,000–6,000 Sqft) supporting duplex or fourplex construction.The highest and best use of this property is redevelopment rather than rehab. Existing structures are storm-damaged and functionally obsolete relative to land value. RMF2 zoning, Flood Zone X designation, and infill location support duplex or small multifamily construction, making teardown and rebuild the most likely exit strategy.
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 5,000EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.
REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
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