Property 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!

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Included Appliances

DishwasherRangeRange HoodRefrigerator

Property Details

Highlights

View

Yes

Interior

Appliances

DishwasherRangeRange HoodRefrigerator

Building Area Total

1935

Cooling

Central AirWall/Window Unit(s)

Flooring

Tile

Furnished

Unfurnished

Heating

Central

Interior Features

Ceiling Fan(s)Open FloorplanThermostat

Laundry Features

Laundry Room

Living Area

1818

Security Features

Smoke Detector(s)

Window Features

Blinds

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

BlockStucco

Foundation Details

Slab

Levels

One

Living Area Source

Public Records

Living Area Units

Square Feet

Num Timesper Year

12

Number Of Units Total

2

Property Condition

Completed

Roof

Membrane

Year Built

1960

Site & Exterior

Exterior Features

FencedStorage

Flood Zone Code

X

I D X Participation

Yes

Lot Features

In County

Lot Size Acres

0.18

Lot Size Area

7800

Lot Size Square Feet

7800

Lot Size Units

Square Feet

Number Of Separate Electric Meters

Yes

Number Of Separate Water Meters

Yes

Open Parking

Yes

Other Structures

Shed(s)

Parking Features

Driveway

Public Survey Range

18

Public Survey Section

35

Road Frontage Type

Street Paved

Road Responsibility

Public Maintained Road

Road Surface Type

PavedAsphalt

Sewer

Public Sewer

Total Acreage

0 to less than 1/4

Utilities

BB/HS Internet AvailableCable ConnectedElectricity ConnectedPublicSewer ConnectedWater Connected

View

Trees/Woods

Water Source

Public

Zoning

RSF3

Financials

Calculated List Price By Calculated Sq Ft

247.4

Contract Status Change Date

2026-06-15

Current Price

449777

Existing Lease Type

Gross

Feed Types

BBO

Lease Considered

Yes

Lease Term

12 Months

Minimum Lease

1 Month

Owner Name

VINCENZO PELLEGRO LLC

Ownership

Fee Simple

Parcel Number

0063150041

Public Survey Township

36

Tax Annual Amount

3818

Tax Book Number

12-5

Tax Legal Description

LOT 302 RIDGEWOOD ESTATES 1ST ADD

Tax Lot

302

Tax Year

2025

Total Actual Rent

4010

Neighborhood & Lifestyle

Community & Association

Additional Lease Restrictions

Please check with Sarasota County regarding any and all rental restrictions.

M L S Area Major

34232 - Sarasota/Fruitville

S W Subdiv Community Name

Ridgewood Estates

Subdivision Name

RIDGEWOOD ESTATES ADD 01 RESUB

Schools

Ratings

Elementary

Brentwood Elementary

High

Sarasota High

Listing provided courtesy of STELLAR via IDX. Updated: Jun 16, 2026, 8:53am.

3731 PAPAI DRIVE

3731 PAPAI DRIVE

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Dane Peterson

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3731 PAPAI DRIVE

3731 PAPAI DRIVE

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Dane Peterson