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Additional details

Keith Francis

keith@roundtablerealty.com +1(904) 874-2066

$ 850,000

Est. payment | -/mo

12 Beds

6 Baths

5,000 SqFt

Save Virtual Tour

$ 850,000

Est. payment | -/mo

Save Virtual Tour

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 $170

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

SIX UNITS!!!! Located just a short walk from the heart of historic Downtown Dade City, this well-maintained multifamily investment presents a rare opportunity to acquire a six-unit apartment community in one of Pasco County's most desirable and supply-constrained rental markets. The property consists of two triplex buildings, each thoughtfully designed with spacious two-bedroom, one-bathroom residences that appeal to a broad tenant base.

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

Listed by William Bingham BINGHAM REALTY INC

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL 32259

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37701 CAMPHOR DR Dade City, FL 33525