About 3731 Papai Drive
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!
Features of 3731 Papai Drive
| MLS® # | A4697057 |
|---|---|
| Price | $449,777 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Square Footage | 1,818 |
| Acres | 0.18 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Listing Details
| Office | RELAX PROPERTY GROUP, LLC |
|---|
Listing Map
Neighborhood Information for 3731 Papai Drive
Close to Penitentiary, Stable Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Brentwood Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
|
Suncoast School For Innovative Studies Public - 6Th Grade to 8Th Grade |
1 Miles | |
|
Prew Academy Private - 6Th Grade to 12Th Grade |
2 Miles | |
|
|
Sarasota Christian School Private - Preschool to 12Th Grade - Closest Middle School |
2 Miles | |
|
Sarasota Middle School Public - 6Th Grade to 8Th Grade |
2 Miles | |
|
|
Brickhouse Academy Private - 5Th Grade to 12Th Grade - Closest High School |
2 Miles | |
|
|
Liberty Baptist Academy Private - Preschool to 12Th Grade |
2 Miles |
School data provided by GreatSchools