Description
Virtually Staged. Rare 4-unit multifamily income opportunity in Sarasota’s North Trail corridor, just minutes from downtown Sarasota, the bayfront, and the Ringling College of Art & Design district. The offering pairs dependable in-place cash flow with real value-add and redevelopment upside on an oversized ~0.40-acre city lot (17,555 SF). Four income-producing units include three residences at 3917 (a 1BR/1BA plus two efficiencies) and a spacious 2BR-plus-bonus home at 3919, with the 3919 unit turning now and targeting a market lease. All units are currently month-to-month, giving a new owner full flexibility to raise rents to market or reposition on their own timeline, with no long-term leases to inherit and clear upside as rents step up. Recent ownership has reinvested in the major systems, lowering near-term capital exposure: the shared 3917 roof was replaced within the last five years, water heaters for the three 3917 units were updated in 2023, and Unit A carries a 2022 AC air handler, while 3919 adds a newer AC and water heater, a carport, and a paved patio. Located in the City of Sarasota’s North Trail redevelopment overlay, the parcel offers long-term assemblage and development optionality in one of Southwest Florida’s most supply-constrained infill pockets, backed by steady rental demand from the surrounding Ringling College submarket. Offered at $524,900
Address
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Address: 3917 ROYAL PALM AVENUE
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City: Sarasota
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State/county: FL
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Zip/Postal Code: 34234
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Country: US
Details
Atualizado em julho 22, 2026 no 10:49 am-
Property ID A4700635
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Price $524,900
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Property Size 2962 m²
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Land Area 0.4 m²
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Bedrooms 3
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Bathrooms 4
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Garage Size x x
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Year Built 1953
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Property Type Quadruplex, Residential Income
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Property Status Active, For Sale
Additional details
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Roof Shingle
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Utilities Electricity Available,Water Available
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Sewer Public Sewer,Other
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Cooling Wall/Window Unit(s)
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Heating Other,Ductless
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County Sarasota
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Property Type Residential Income
Features
Mortgage Calculator
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Down Payment
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Property Tax
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