Active

$895,000

Features:
  • 12 Bedrooms
  • 6 Bathrooms
  • 5000 sq ft
Overview
  • ID: MFRTB8541784
  • Bedrooms: 12
  • Bathrooms: 6
  • Size: 5000 sq ft
Property Details
Remarks
SIX UNITS!!!! Located just a short walk from the heart of historic Downtown Dade City, this well-maintained multifamily investment presents a rare opportunity to acquire a six-unit apartment community in one of Pasco County's most desirable and supply-constrained rental markets. The property consists of two triplex buildings, each thoughtfully designed with spacious two-bedroom, one-bathroom residences that appeal to a broad tenant base. The community offers an attractive residential environment featuring a park-like setting enhanced by towering, mature oak trees, established landscaping, inviting courtyards, and private front porches that create a neighborhood feel seldom found in today's apartment developments. A private street provides convenient access while enhancing the property's quiet, secluded atmosphere. Each apartment is individually metered for electricity and features central heating and air conditioning, generously sized bedrooms, functional floor plans, and abundant natural light. An on-site laundry facility provides an additional convenience for residents while minimizing owner maintenance responsibilities. From an investment perspective, the property offers a compelling value-add opportunity. Current rental rates are below prevailing market levels, providing investors the ability to increase cash flow through strategic rent adjustments while benefiting from the property's desirable location and strong rental demand. Positioned within walking distance of Downtown Dade City's restaurants, shops, parks, and community events, and offering convenient access to major transportation corridors throughout Pasco County, this property combines stable in-place income with meaningful upside potential. Opportunities to acquire boutique multifamily assets of this quality and character in Downtown Dade City remain exceptionally limited, making this an attractive investment for both private investors and long-term multifamily owners.
Financial Considerations
Price:
$895,000
HOA Fee:
N/A
Tax Amount:
$9111.82
Price per SqFt:
$179
Tax Legal Description:
MILLS ESTATE PB 1 PG 47 COM AT NE COR LOT 5 TH SOUTH 263 FT FOR POB TH WEST 691 FT TO E R/W OF RR TH SOUTH 150 FT TH EAST 691 FT TH NORTH 150 FT TO POB
Exterior Features
Lot Size:
66750
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
12
Bathrooms:
6
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1973
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Courtyard, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    37701 CAMPHOR DR
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