37631 Florida Ave., Dade City, FL 33525

37631 Florida Ave., Dade City, FL 33525
Photo 1 of 1
$365,000
Sold on 9/22/23
Beds Baths Sq. Ft. Taxes Built
4 0.00 2,192 $4,010 1963
On the market: 24 days
View full details, 15 photos, school info, and price history
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.
Listing courtesy of Bobby Welbourn, KELLER WILLIAMS RLTY NEW TAMPA