1936 N Allendale Ave Sarasota, FL 34234

This versatile property offers a rare opportunity to offset most or potentially all of your monthly mortgage with a fully separate apartment unit. Perfect for owner-occupants or investors alike, this setup provides flexibility, privacy, and strong income potential. Situated in an established neighborhood and set on a generously sized lot just over a quarter acre, the property provides exceptional outdoor space, expansion possibilities, and the kind of yard size that is increasingly hard to find in central Sarasota locations. The main residence offers comfortable living with room to personalize, while the attached full apartment / in-law suite features its own private entrance, kitchen, bathroom, living area, and bedroom - ideal for rental income, multigenerational living, or a private guest space. The apartment alone can generate consistent monthly income, making day-to-day living significantly more affordable. Major structural components have already been addressed, including a roof with strong remaining life, providing an excellent starting point for the next owner. With thoughtful updates and personal touches, the property can easily be brought to modern standards with minimal demolition required. Offering solid construction and great bones, it presents an outstanding opportunity to customize and design the home to fit your exact vision and long-term goals. Location is a major highlight, just minutes from downtown Sarasota, close to shopping, dining, and entertainment, and just 2 minutes from Ed Smith Stadium. With no HOA, no CDD fees, and no deed restrictions, this property offers true ownership freedom. Whether you choose to live in one unit and rent the other, lease both, or customize the property to match your long-term plans, this is a smart opportunity in a desirable Sarasota neighborhood offering space, income potential, and upside. Schedule your private showing today and see how this home can work for you-not the other way around.