Overview
- Duplex, Residential Income
- 5
- 2
- 1935 Sqft
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!
Address
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Address: 3731 PAPAI DRIVE
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City: Sarasota
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State/county: FL
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Zip/Postal Code: 34232
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Country: US
Details
Updated on June 15, 2026 at 8:03 pm-
Property ID HZA4697057
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Price $449,777
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Property Size 1935 Sqft
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Land Area 0.18 Acres
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Bedrooms 5
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Bathrooms 2
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Year Built 1960
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Property Type Duplex, Residential Income
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Property Status Active
Additional details
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Listing Terms Cash, Conventional, FHA, Owner Financing, VA Loan
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Roof Membrane
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Utilities BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
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Sewer Public Sewer
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Cooling Central Air, Wall/Window Unit(s)
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Heating Central
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Flooring Tile
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County Sarasota
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Property Type Residential Income
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Parking Driveway
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Elementary School Brentwood Elementary
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High School Sarasota High
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees