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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $88
Subdivision Acreage
MLS Listing ID T3222589
Sold Date 03/30/20
Construction Status Inspections
HOA Y/N No
Year Built 1950
Annual Tax Amount $1,842
Lot Size 0.520 Acres
Acres 0.52
Property Description
Superb, investment property fronting on Clinton Street, just a few miles from Dade City's quaint downtown area on US Hwy 301. Centrally located near everything including schools, shopping and restaurants. The property consists of 3 buildings with 8 two-bedroom units, 4 one-bedroom units for a total of 9,600 NRSF. The property was constructed in 1950 and renovated entirely in 2019-2020. All apartment homes have been completely remodeled and include new A/C, roofs, windows, doors, upgraded flooring, cabinets, appliances and paint. There wasn't a single inch of this property that was left un-touched. Each building is constructed of solid, concrete block with brand new shingle roofing. Current rents are lower than market averages based on area comparables of multi-family properties that have been recently renovated. The current rental amounts include water, sewer and trash, leaving each resident responsible for electric and cable. Each building is on the same parcel of land, making this property an easy one to manage. Property is currently 100% occupied, making this a great investment to step into and make money immediately without much to do!
Location
State FL
County Pasco
Community Acreage
Zoning R4
Interior
Heating Electric
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Exterior
Exterior Feature Fence, Sidewalk
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Available
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 Acre to 1 Acre
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE
"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."
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