12 Beds
6 Baths
5,000 SqFt
12 Beds
6 Baths
5,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $179
Subdivision Mills Estate
MLS Listing ID TB8541784
Bedrooms 12
HOA Y/N No
Year Built 1973
Annual Tax Amount $9,111
Lot Size 1.530 Acres
Acres 1.53
Lot Dimensions 150 x 445
Property Sub-Type Triplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Pasco
Community Mills Estate
Area 33525 - Dade City/Richland
Zoning R3
Interior
Interior Features Ceiling Fans(s), Kitchen/Family Room Combo
Heating Central
Cooling Central Air
Fireplace false
Laundry Common Area
Exterior
Exterior Feature Courtyard, Sidewalk
Utilities Available Cable Connected, Electricity Connected, Water Connected
View Y/N No
Water Access No
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8541784
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