3731 Papai Drive, Central Sarasota, FL 34232

$449,777
: 5
BD
: 2
BA
: 1,818
SqFt

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List Price: $449,777
MLS#: A4697057
Bedrooms: 5
Bathrooms: 2
Sq. Ft: 1,818
Lot Size: 7,800
Subtype: Duplex
County: Sarasota
Community: No Deed Restriction
Subdivision: Ridgewood Estates
Year Built: 1960

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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!

561.685.7310

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