3731 PAPAI DRIVE, Sarasota, FL 34232

  • $449,777

Overview

Property ID: A4697057
  • Duplex, Residential Income
  • Property Type
  • 5
  • Bedrooms
  • 2
  • Bathrooms
  • 1935 Sqft
  • Area Size
  • 1960
  • Year Built

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: 3731 PAPAI DRIVE
  • City: Sarasota
  • State/county: FL
  • Zip/Postal Code: 34232
  • Area: RIDGEWOOD ESTATES ADD 01 RESUB
  • Country: US

Details

Updated on June 16, 2026 at 10:48 am
  • Property ID A4697057
  • Price $449,777
  • Property Size 1935 Sqft
  • Land Area 0.18 Acres
  • Bedrooms 5
  • Bathrooms 2
  • Garage Size x x
  • Year Built 1960
  • Property Type Duplex, Residential Income
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash,Conventional,FHA,Owner Financing,VA Loan
  • Roof Membrane
  • Utilities BB/HS Internet Available,Cable Connected,Electricity Connected,Public,Sewer Connected,Water Connected
  • Sewer Public Sewer
  • Cooling Central Air,Wall/Window Unit(s)
  • Heating Central
  • Flooring Tile
  • County Sarasota
  • Property Type Residential Income
  • Parking Driveway
  • Elementary School Brentwood Elementary
  • High School Sarasota High

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