Tyler Loyd
REALTOR®
BEDS3
BATHS
SQUARE FEET2,962
MLS#A4700635
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMARLOWE PARK
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
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Other, Ductless
Lot Size: 0.40 Acres
Roof Type: Shingle
Taxes: $7,573
Year Built: 1953
Amenities
Ceiling Fans(s)
Fence
Feature Descriptions
Annual Net Income: 33885.00
Days on Site: 1
Directions: Directions from Sarasota Bradenton International Airport (SRQ) to 3917 Royal Palm Ave:Exit the airport onto University Parkway heading west toward US-41.Turn left (south) onto US-41 / N Tamiami Trail and continue about 2.5 miles through the North Trail co
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.4
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer, Other
Showing Instructions: Sentri Lock Box, Call Listing Agent
Special Sale Provisions: None
Utilities: Electricity Available, Water Available
Water: Public
Water Access Y/N: No
Zoning: NT
Listed By / Shown By
Listed By
Agency Name: HARRY ROBBINS ASSOC INC
Agency Contact: 941-924-8346
Shown By
Agent Name: Tyler Loyd
Agent Phone: (813) 832-5400
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,952.38 per month $1,168.20 Principal & Interest $631.08 Property Tax $153.10 Homeowner's InsuranceChange Payment Information
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3917 Royal Palm Avenue | MLS# A4700635
This multi-family property located at 3917 Royal Palm Avenue , Sarasota, FL 34234 is currently listed for sale with an asking price of $524,900. Search Sarasota real estate on tloyd.floridaexecutiverealty.com today.