Active

$6,800,000

Features:
  • 94 Bedrooms
  • 52 Bathrooms
  • 38385 sq ft
Overview
  • ID: MFRW7866308
  • Bedrooms: 94
  • Bathrooms: 52
  • Size: 38385 sq ft
Property Details
Remarks
Package Deal - Turnkey 31 Single Family House Rental Portfolio in Pasco owned by one owner. Fully rented, very stable and well maintained. Many tenants average lease term has been 5+ years. 20 properties on month to month leases and room to easily bump rents. Monthly gross over $51K. NOI $514K after expenses currently. Roughly 7.56% cap rate at current rents listed below are actual rents, not expected, Proforma rents will give you roughly a cap rate of 8.36%+. 28 Roofs updated, 28 HVACs updated, all windows updated, 20 Kitchens updated, 22 Main Baths updated. Most major items been recently renovated to keep maintenance costs down. Various pictures from the properties showing general condition of kitchens, bathrooms, common rooms, exterior etc prior to existing rental term. Property breakdown in attached spreadsheet showing property address, year of each update, current rent and expenses. Seller reserves the right to sell individually or as a package. Buyer to verify all data.
Financial Considerations
Price:
$6,800,000
HOA Fee:
N/A
Tax Amount:
$2367.55
Price per SqFt:
$177.15
Tax Legal Description:
GULF HIGHLANDS UNIT 2 PB 11 PGS 127-129 LOT 361 OR 9159 PG 3296 OR 9174 PG 1893
Exterior Features
Lot Size:
5810
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane, Metal, Other, Shingle, Tile
Pool:
Yes
Pool Features:
Gunite, In Ground
Interior Features
Bedrooms:
94
Bathrooms:
52
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator
Furnished:
No
Floor:
Ceramic Tile, Laminate, Linoleum, Luxury Vinyl, Tile, Vinyl
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1977
Construction Type:
Block, Vinyl Siding, Wood Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
Storage
Additional Features 2:
Please refer to Pasco County regulations for rentals.
Map
  • Address
    11705 ENTERPRISE DR
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 338,000
avt
Daniel Dourado
$ 2,400,000
avt
Daniel Dourado
$ 550,000
avt
Daniel Dourado
$ 499,000
avt
Daniel Dourado
$ 433,000
avt
Daniel Dourado
$ 439,900
avt
Daniel Dourado
$ 290,000
avt
Daniel Dourado
$ 460,000
avt
Daniel Dourado
$ 335,000