3731 PAPAI DRIVE, Sarasota, FL, 34232
5 beds
1960
1,818 sqft
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!
Status:
Active
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Laundry Room
Units:
2
Subdivision:
RIDGEWOOD ESTATES ADD 01 RESUB
Garage:
Driveway
Heating:
Central
Cooling:
Central Air, Wall/Window Unit(s)
Acreage:
0.18
Est. Taxes:
$3,818
Construction
Block, Stucco
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Lot Description:
In County
View Description:
Trees/Woods
Elementary School:
Brentwood Elementary
High School:
Sarasota High
Days on Market:
1
Appliances:
Dishwasher, Range, Range Hood, Refrigerator
Lease Term Type:
12 Months
Min Lease Term:
1 Month
MLS #:
A4697057
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of RELAX PROPERTY GROUP, LLC 941-923-7200