Horse Property Training or Boarding Facility

1560 Wagon Wheel Dr, Sarasota, FL 34240

$950,000 After Repair Value -
$725,000 Asking Price -
$25,000 Cost of Repairs =
$200,000 Potential Profit

Property Details

Asking Price $725,000

After Repair Value $950,000

Costs of Repairs $25,000

Potential Profit $200,000

Living Area 5800 ft2

Property Type Single Family House

Bedrooms +7

Bathrooms +7

Half Bathrooms 1

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $84,000

Yearly Expenses $8,400

Property Taxes $6,800

Net Operating Income N/A

Cap Rate N/A

Property Description

Equestrian\'s Dream with lots of income potential off Fruitville. 5.5 Acres in the Fox Creek neighborhood just a few minutes from I-75. A main house, a guest house and an 10 stall all block barn, shop, tack room, feed room, boarder bathroom. Above the barn are 2 studio apartments. The entire property is under renovation.

Broker has interest.

Scott Benge -

Repairs Needed

Main house kitchen\r\nAC Main house and guest house, 2 apartments replace or repair\r\nStall doors\r\nPaddock fencing \r\nArena fencing

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