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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
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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