3731 PAPAI Dr, Sarasota, FL 34232
- Beds
- 5
- Baths
- 2
- Sqft
- 1,818
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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!
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 5
- Number of bathrooms
- 2
- Square feet
- 1,818
- Lot size (acres)
- 0.18
- Year built
- 1960
Interior features
- Laundry
- Laundry Room
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Central
- Cooling
- Wall/window unit(s), Central Air
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $3,818
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Stellar MLS MLS®#: A4697057 Last checked: …
