Lutz Multi-Family

Multi-Family for Sale
Catylist Listing ID: 30388651
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 5,660 SF
Gross Land Area: 10,530 SF
Sale Price: $489,000
Unit Price: $97,800 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Average Occupancy Rate: 100
Gross Rent Multiplier: 100
Last Updated: 3/20/2019

Overview / Comments

Portfolio sale of 5 contiguous units, 1 entire building comprised of townhouse and villa design. Unit mix is 3/1; 2/1.5 + Office; 2/1.5 + Office; 2/1.5; 1/1. Building is fully rented with annual leases in place. Balconies with views of conservation. Each unit has designated parking.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Pasco County
Tax ID/APN: 14-26-19-0040-00400-00E1;14-26-19-0040-00400-00D1;14-26-19-0040-00400-00C1;14-26-19-0040-00400-00B1;14-26-19-0040-00400-00A1
Zoning: R3
Percent Occupied: 100%
Highway Access: Located directly off of SR54
Area Description: Close to Wesley Chapel outlets, shopping, restaurants, and expressways.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1974
Construction/Siding: Block, Wood Frame
Laundry: In Each Unit
Zoning Description: R3
Lot Frontage: 117'
Lot Depth: 90'
Legal Description: WILLOW LAKE SUB PB 11 PGS 50 & 51 UNIT E & E1 BLDG 1 ON LOT 4 (ask for full legal)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,934 30,887 100,694
Median Age: 35.15 37.32 36.78
Households: 1,963 11,081 35,251


Photograph of Listing Agent

Thomas Brubaker

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