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$524,900

Est. payment - /mo

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3 Beds

4 Baths

2,962 SqFt

New

3917 ROYAL PALM AVE Sarasota, FL 34234

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Gemma Peterson

info@floridahomesandloans.com +1(407) 242-7758

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,962 sqft

Price per Sqft $177

Subdivision Marlowe Park

MLS Listing ID A4700635

Bedrooms 3

HOA Y/N No

Year Built 1953

Annual Tax Amount $7,573

Lot Size 0.400 Acres

Acres 0.4

Lot Dimensions 100x175

Property Sub-Type Quadruplex

Source Stellar MLS

Property 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

Location

State FL

County Sarasota

Community Marlowe Park

Area 34234 - Sarasota

Zoning NT

Interior

Interior Features Ceiling Fans(s)

Heating Other, Ductless

Cooling Wall/Window Unit(s)

Fireplace false

Laundry Gas Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Fence

Utilities Available Electricity Available, Water Available

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer, Other

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Membership Fee Required None

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4700635

Listed by Emerson Robbins HARRY ROBBINS ASSOC INC

3917 ROYAL PALM AVE Sarasota, FL 34234

Gemma Peterson

Key Details

Location

Interior

Exterior

Building

Others

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3917 ROYAL PALM AVE