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Sarasota County · Venice, FL 34287

Cash Deal in NORTH PORT, FL 34287

$173,000
2
Beds
2
Baths
1,086
Sq ft
1955
Year built
$162K spread

About this property

Property Details: Address: 12142 MARGARITA AVE, NORTH PORT, FL 34287 Bed/Bath: Bed / 0 Bath Square Footage: 1,581 sqft Year Built: 1955 HOA Restrictions: No HOA Multi-Unit: 3 unit Features + Amenities: Furnished: No Pool: No Tenant Occupied: N/A Monthly Rent: N/A Est. Repairs: N/A Financing Details: Purchase Price: $173,000 Est. ARV: $335,000 PP Percent of ARV: $335,000% Monthly Payments: Exit Scenarios: Est. Average LTR: $1,473 Est. Average STR: $1,791 Additional Details: Rare Warm Mineral Springs triplex with strong income potential and not located in a flood zone-ideal for investors, renovators, or buy-and-hold buyers. Recent updates include a water filtration system (2024), garage roof replacement (2022), Unit B freshly painted/updated (2025), Unit C updated (2023), while Unit A requires complete renovation or possible tear-down.

Property snapshot

Layout2 Bed / 2 Bath
Living area1,086 sq ft
Lot size0 sq ft
Year built1955
Property typeMulti-Family
CountySarasota County

Deal details

Asking price$173,000
ARV estimate$335,000
Spread (ARV − asking)$162,000
Brought to you by
M
Ms. Meriam Aberri
Miami Off-Market Deals
+1 (305) 762-9521office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking
$173K
ARV est.
$335K
Spread
$162K
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M
Ms. Meriam
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