24
  • Property Type
  • Quadruplex, Residential Income
  • 3
  • Bedrooms
  • 4
  • Bathrooms
  • 2962 Sqft
  • Area Size

3917 ROYAL PALM AVENUE, Sarasota, FL 34234

  • $524,900

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: 3917 ROYAL PALM AVENUE
  • City: Sarasota
  • State/county: FL
  • Zip/Postal Code: 34234
  • Country: US

Details

Atualizado em julho 22, 2026 no 10:49 am
  • Property ID A4700635
  • Price $524,900
  • Property Size 2962 m²
  • Land Area 0.4 m²
  • Bedrooms 3
  • Bathrooms 4
  • Garage Size x x
  • Year Built 1953
  • Property Type Quadruplex, Residential Income
  • Property Status Active, For Sale

Additional details

  • Roof Shingle
  • Utilities Electricity Available,Water Available
  • Sewer Public Sewer,Other
  • Cooling Wall/Window Unit(s)
  • Heating Other,Ductless
  • County Sarasota
  • Property Type Residential Income

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