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Jennifer Green

jennifer.green2198@gmail.com +1(740) 334-7162

$ 524,900

Est. payment -/mo

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Active Under Contract

3917 ROYAL PALM AVE Sarasota, FL 34234

3 Beds

4 Baths

2,962 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

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

Under contract-accepting backup offers. 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

View Y/N No

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

Jennifer Green

Agent | License ID: 3566524

+1(740) 334-7162 | jennifer.green2198@gmail.com

Jennifer Green

3917 ROYAL PALM AVE Sarasota, FL 34234

Key Details

Location

Interior

Exterior

Building

Others

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3917 ROYAL PALM AVE