3917 ROYAL PALM Ave, Sarasota, FL 34234
- Beds
- 3
- Baths
- 4
- Sqft
- 2,962
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Overview
Virtually Staged. Rare 4-unit multifamily income opportunity in Sarasota's North Trail corridor, just minutes from downtown Sarasota, the bayfront, and the Ringling College of Art & Design district. The offering pairs dependable in-place cash flow with real value-add and redevelopment upside on an oversized ~0.40-acre city lot (17,555 SF). Four income-producing units include three residences at 3917 (a 1BR/1BA plus two efficiencies) and a spacious 2BR-plus-bonus home at 3919, with the 3919 unit turning now and targeting a market lease. All units are currently month-to-month, giving a new owner full flexibility to raise rents to market or reposition on their own timeline, with no long-term leases to inherit and clear upside as rents step up. Recent ownership has reinvested in the major systems, lowering near-term capital exposure: the shared 3917 roof was replaced within the last five years, water heaters for the three 3917 units were updated in 2023, and Unit A carries a 2022 AC air handler, while 3919 adds a newer AC and water heater, a carport, and a paved patio. Located in the City of Sarasota's North Trail redevelopment overlay, the parcel offers long-term assemblage and development optionality in one of Southwest Florida's most supply-constrained infill pockets, backed by steady rental demand from the surrounding Ringling College submarket. Offered at $524,900
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 3
- Number of bathrooms
- 4
- Square feet
- 2,962
- Lot size (acres)
- 0.40
- Year built
- 1953
Interior features
- Laundry
- Washer Hookup, Gas Dryer Hookup
Utilities
- Heating
- Other
- Cooling
- Wall/window unit(s)
- Sewer
- Other, Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $7,573.58
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®#: A4700635 Last checked: …
