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3731 PAPAI DR,  SARASOTA, FL 34232

MLS# A4697057.  5 beds.  0.0 baths.  Apartment.  Active

$3,818 in taxes (2025)

$449,777

 

Remarks:

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!

Quick Info:

  • Listing is courtesy Of: RELAX PROPERTY GROUP, LLC ((941-923-7200))
  • Listing Agent: Dane Peterson ((239-357-5692))
  • Days on yellowkey: New (0 days)
  • Property Type: Apartment
  • Beds: 5
  • Baths: 0.0
  • Living Area Square Feet: 1818
  • Built 1960
  • Taxes: $3,818 (2025)
  • Spa: No
  • Garage Spaces: ()
  • Square Feet: 1935
  • Fees: $0
  • Sarasota County
  • Terms: Cash, Conventional, FHA, Owner Financing, VA Loan
  • Subdivision Info:
  • Occupancy Information: Tenant
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  • Development Name:
  • Subdivision Name: RIDGEWOOD ESTATES ADD 01 RESUB
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  • View:Trees/Woods
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History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
6/15/2026Sale1A4697057listed for sale$449,777-232.4428MLS




Data is updated at least once a week by Sunday nights. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. Data can be retrieved from any one of the following MLS’s: Greater Fort Lauderdale REALTORS®, Space Coast Association of REALTORS®, My Florida Regional MLS, Florida Gulf Coast MLS, "©2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved." The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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