$695,000
$695,000
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10 Beds
6 Baths
4,080 SqFt
SOLD DATE : 05/15/2024
Key Details
Sold Price $695,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $170
Subdivision Willow Lake Sub
MLS Listing ID A4605402
Sold Date 05/15/24
Bedrooms 10
Full Baths 6
Construction Status Financing
HOA Y/N No
Originating Board Stellar MLS
Year Built 1982
Annual Tax Amount $9,116
Lot Size 9,583 Sqft
Acres 0.22
Property Description
MULITPLE OFFERS, BEST AND FINAL BY Thursday 4/5/2024. 100% Occupied income generated 4-unit multifamily community in Lutz presents an attractive investment opportunity with several appealing features: Current rent $5287 with 12 months leases. The property boasts a diverse unit mix, with (2) the units offering three bedrooms and two bathrooms and (2) the units offering two bedrooms and 1 bathroom. Each unit is individually metered for water and sewer, which can help in ensuring tenants are responsible for their utility usage, potentially reducing operational costs for the landlord. The property is constructed with concrete block, a durable and low-maintenance material choice that offers longevity and stability to the buildings. This can contribute to lower maintenance costs over time. The surrounding area boasts strong demographics, with a median household income of $85,372 and an average household income of $100,668 within a one-mile radius. This indicates a potentially affluent tenant base capable of paying competitive rental rates. The property's close proximity to Interstate 75 provides convenient access to Tampa, a major economic and cultural hub in the region. This accessibility can be appealing to tenants who commute for work or seek entertainment options in the city
Location
State FL
County Pasco
Community Willow Lake Sub
Zoning MF2
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Carpet, Laminate
Fireplace false
Appliance Dryer, Microwave, Range, Washer
Laundry Common Area
Exterior
Exterior Feature Balcony
Community Features None
Utilities Available Electricity Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Story 2
Entry Level Two
Foundation Block
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Financing
Others
HOA Fee Include Maintenance Grounds,Pest Control
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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