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!
| MLS # | A4697057 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1960 |
| Days On Site | 105 |
| Listing Provided By | RELAX PROPERTY GROUP, LLC | Dane Peterson |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,818 |
| Story(s) | 1 |
| Units | 2 |
| Zoning | RSF3 |
| Acreage | 0.18 |
| Property View | Trees, Woods |
| Property | 3818 |
|---|
| State | FL |
|---|---|
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34232 |
| Area | 34232 Sarasota | Fruitville |
| Subarea | Ridgewood Estates |
| Community Name | RIDGEWOOD ESTATES ADD 01 RESUB |
| School District | Sarasota High |
| Elementary School | Brentwood Elementary |
| High School | Sarasota High |
| Listing VS Median (in RIDGEWOOD ESTATES ADD 01 RESUB) | |
Price: $449,777 low | high Med: $226,288 sqft: 1,818 low | high Med: 1,467 $ / sqft: $247 low | high Med: $125 On site: 105 low | high Med: 61.5 | |
| State | FL |
|---|---|
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34232 |
| Area | 34232 Sarasota | Fruitville |
| Subarea | Ridgewood Estates |
| Community Name | RIDGEWOOD ESTATES ADD 01 RESUB |
| School District | Sarasota High |
| Elementary School | Brentwood Elementary |
| High School | Sarasota High |
| Listing VS Median (in RIDGEWOOD ESTATES ADD 01 RESUB) | |
Price: $449,777 low | high Med: $226,288 sqft: 1,818 low | high Med: 1,467 $ / sqft: $247 low | high Med: $125 On site: 105 low | high Med: 61.5 | |