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Multi Family 3 bedrooms - SAPPHIRE LAKE RANCHITOS for Sale

18121 GERACI, LUTZ, FL 33548

Asking Price$624,888 Change Price$1,000

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  • Days on market:

    91 day(s)
  • Original Price:

    $650,000
  • Price per sqft:

    $216.9
  • Tax Legal Description:

    SAPPHIRE LAKE RANCHITOS LOTS 13 & 14 & THAT PT OF LOT 15 BEG AT NW COR RUN E 55 FT S TO PT ON S BDRY 25 FT E OF SW COR AND W 25 FT TO SW COR AND N TO BEG
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Carport Spaces:

    2
  • Parking:

    Covered Oversized Garage Faces Side RV Parking
  • Elementary School:

    Lutz-HB
  • Middle School:

    Buchanan-HB
  • Senior High School:

    Steinbrenner High School
  • Lease Term Remaining:

    12 Months
  • Construction Type:

    Block
  • Roof:

    OtherShingleMembrane
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    Ceramic Tile
  • Interior Features:

    Wet Bar Walk-In Closet(s)Ceiling Fan(s) Living Room/Dining Room Combo Stone Counters Thermostat Primary Bedroom Main Floor Kitchen/Family Room Combo
  • Exterior Features:

    LightingDog Run Fenced
  • Equipment/Appliances:

    DishwasherMicrowaveDryerWasher Water Purifier RangeBuilt-In Oven Tankless Water Heater Water Filtration System
  • Special Listing Conditions:

    None
  • Lot Features:

    Corner Lot In County

Description

$624,888 • three bedroom(s) • living size area 2881 sqft

Residence – 900 sq ft workshop - no hoa – no cdd – rental income opportunity – multi-generational living – steinbrenner high school zone this property is a rare gem for anyone looking to combine living, working, and investing — all within the highly sought-after steinbrenner high school zone in desirable lutz, fl. nestled on a spacious 0.4-acre corner lot, this fenced property blends flexibility and functionality. this single family home has been converted to make 2 distinct rental homes. you could live mortgage free by purchasing this home, living in one of the residences and renting out the other! the main level of the home is the largest…residence #1, is currently renting for $2,600.00 a month and includes 2 bedrooms, 2 full bathrooms, an office, full kitchen and dining area a great room with wet bar, and a shared laundry area along with use of the 900 sq. ft. garage/workshop and use of the 2 car garage. it is also fully fenced utilizing the front lawn for their pets. residence #2 was rented for $1,400.00 a month and can be entered from the back of the home. you step into residence #2 via the laundry room into a large living room, then head upstairs to the privacy of a full owner's suite complete with kitchenette, dining room or office, and a full bath — perfect for multigenerational living or rental income potential. bring all your toys — the attached 900+ sq ft garage boasts two extra-deep bays, easily fitting 4+ full-sized vehicles. need more? there’s additional covered parking for your rv or boat near the detached garage that has had air conditioning, constructed with solid block, high ceilings, and 110/220v outlets throughout — it is ideal for storage, hobbyist, mechanics or anyone in need of a professional-grade workspace for their business. the home had two new acs units installed in 2023 ($12,000); the flat roof sealed in 2024 ($1000); the septic cleaned out ($1,500) along with the well sealed in 2025. with no hoa restrictions, the possibilities here are endless — and with a current lease on the main residence on a month to month contract, this property offers immediate income potential too. come make this home your own!

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