3731 Papai Drive, Sarasota, FL 34232
- $449,777
- 5
- BD
- 2
- BA
- 1,818
- SqFt
- List Price
- $449,777
- Status
- Pending
- Days on Market
- 37
- MLS#
- A4697057
- Property Style
- Duplex
- Year Built
- 1960
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 1,818
- Lot Size
- 7,800
- Acres
- 0.18
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Ridgewood Estates Add 01 Resub
- Community Name
- Ridgewood Estates
- MLS Area Major
- Sarasota/Fruitville
Property Description
Rare investment opportunity in Sarasota! Multi-family properties are seldom available in this predominantly single-family neighborhood, making this duplex a unique addition to any real estate portfolio. This income-producing property offers two separately leased units with a combined living area of approximately 1,818 square feet on a 7,800-square-foot lot. The front unit features 3 bedrooms, 1 bathroom, & a dedicated laundry room while the second (Back) unit offers 2 bedrooms, 1 bathroom, and backyard access. Both units are currently occupied through 3/31/2026, providing immediate rental income and minimizing vacancy risk for investors seeking stable cash flow. Electric/Water are not separately metered and Landlord pays these two utilities. Several major improvements have already been completed, including a new roof in 2019, updated HVAC in 2023 (back unit uses window units), and an updated electrical panel in 2023. The property is in the central Sarasota area with easy access to shopping, dining, schools, employment centers, downtown Sarasota, and the area's world-famous Gulf Coast beaches. Gross rents of $4,010. Annual Leases. Seller will consider owner financing. Showings require advanced notice. Call today!
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Additional Information
- Taxes
- $3818
- Minimum Lease
- 1 Month
- Annual Gross Income
- 48120
- Location
- In County, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RSF3
- Interior Layout
- Ceiling Fans(s), Open Floorplan, Thermostat
- Interior Features
- Ceiling Fans(s), Open Floorplan, Thermostat
- Floor
- Tile
- Appliances
- Dishwasher, Range, Range Hood, Refrigerator
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Block, Stucco
- Exterior Features
- Fence, Storage
- Roof
- Membrane
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Driveway
- Elementary School
- Brentwood Elementary
- High School
- Sarasota High
- Flood Zone Code
- X
- Parcel ID
- 0063150041
- Legal Description
- LOT 302 RIDGEWOOD ESTATES 1ST ADD
Listing courtesy of RELAX PROPERTY GROUP, LLC. 941-923-7200
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