3917 ROYAL PALM Ave, Sarasota, FL 34234

Beds
3
Baths
4
Sqft
2,962

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Listed byHARRY ROBBINS ASSOC INC
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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

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Sourced from: Stellar MLS MLS®#: A4700635 Last checked:

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