3731 PAPAI DRIVE at

3731 PAPAI DRIVE

For sale Days on market 92

$449,777

$247/sq ft

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Overview

Bedroom

Year Built

1960

Sqft

1818

Property Type

Duplex

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!

Property Details

MLS#

A4697057

Address

3731 PAPAI

City

Sarasota

State/county

Zip/Postal Code

34232

Area

Ridgewood Estates Add 01 Resub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,818

Maint Fee

$--

Tax Year

2025

Dishwasher

Range

Range Hood

Refrigerator

Trees/Woods

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