3731 PAPAI DR Sarasota, FL 34232
5 Beds
2 Baths
1,818 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,818 sqft
Price per Sqft $247
Subdivision Ridgewood Estates Add 01 Resub
MLS Listing ID A4697057
Bedrooms 5
Construction Status Completed
HOA Y/N No
Year Built 1960
Annual Tax Amount $3,818
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Duplex
Source Stellar MLS
Property Description
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
State FL
County Sarasota
Community Ridgewood Estates Add 01 Resub
Area 34232 - Sarasota/Fruitville
Zoning RSF3
Interior
Interior Features Ceiling Fans(s), Open Floorplan, Thermostat
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Range, Range Hood, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Fence, Storage
Parking Features Driveway
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
View Trees/Woods
Roof Type Membrane
Attached Garage false
Garage false
Private Pool No
Building
Lot Description In County, Paved
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Construction Status Completed
Schools
Elementary Schools Brentwood Elementary
High Schools Sarasota High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Owner Financing, VA Loan
Membership Fee Required None
Listing Terms Cash, Conventional, FHA, Owner Financing, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4697057
