$365,000
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37631 FLORIDA AVE Dade City, FL 33525
4 Beds
4 Baths
2,192 SqFt
Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,192 sqft
Price per Sqft $166
Subdivision Florida Ave Sub
MLS Listing ID T3469111
Sold Date 09/22/23
Bedrooms 4
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1963
Annual Tax Amount $4,010
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 99 x142
Property Description
LANDLORDS.... BUY 1 RENTAL AND GET 2 FREE!!! Take advantage of this opportunity to acquire 3 rent producing units. Sale includes a 2bed/2bath single family main home and also a 2 unit apartment building. Each 1bed/1bath apartment has been recently updated by the sellers and have the potential to rent for up to $900/month based on current rental rates plus an estimated $1700/month rental rate for the main home. The main home has a recent kitchen remodel with new cabinetry, butcher block countertops, appliances, stainless farm sink, and more! Both baths in the main home have also been recently updated. The main home electrical and HVAC systems were updated in 2018. The apartment HVAC systems were installed in 2018 and 2013. The main interior has a soaring 13' vaulted ceiling with exposed wood beams. This home exudes classic character around every corner with it's original "heart of pine" wood flooring and the solid wood original doors. Super conveniently located only a 6 minute walk (.3 miles) to the local elementary and middle schools and if that isn't enough exercise you can hop on the Hardy Multi-Use Fitness Trail just 1 block away which offers a paved 2 mile path. Local hospital is only 1.3 miles away. Fenced back yard offers a secure area to store your "toys" or for kids and pets to frolic. Number of bedrooms and bathrooms is total for all residential units- 2bed/2ba main home + (2) 1bed/1bath apartments. $3500/month "estimated" gross rent is based on current rental rates at time of listing. Gross CAP rate of 10.77% (before expenses) with possible upside of greater return.
Location
State FL
County Pasco
Community Florida Ave Sub
Zoning RS2
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Vinyl, Wood
Fireplaces Type Living Room, Wood Burning
Furnishings Unfurnished
Fireplace true
Appliance Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Laundry Inside
Exterior
Exterior Feature Fence, Rain Gutters, Sidewalk, Storage
Garage Covered, Open
Garage Spaces 1.0
Pool Above Ground
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Waterfront false
Roof Type Shingle
Parking Type Covered, Open
Attached Garage true
Garage true
Private Pool Yes
Building
Lot Description City Limits, Near Public Transit, Sidewalk, Paved
Entry Level One
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block, Vinyl Siding, Wood Frame
New Construction false
Construction Status Inspections
Schools
Elementary Schools Pasco Elementary School-Po
Middle Schools Pasco Middle-Po
High Schools Pasco High-Po
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Membership Fee Required None
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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Bought with LPT REALTY