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$2,100,000 • living size area 18592 sqft
21 unit majestic court apartments is a very attractive opportunity for an investor to acquire a turnkey product in a growing market with an 8% cap rate. recently renovated with hd vinyl wood flooring throughout all living areas, tile in kitchen & baths, and granite counters. only 7 minutes to saint leo university, 1 mile to vibrant downtown dade city, and with dependable long-term tenants. by 2020-end all units will be at full market rent, creating an exceptionally strong income stream. property consists of twenty (20) 2 bedroom townhomes with 896sf and 1-1/2 baths, (1) 1 bedroom townhome with 672sf and 1 bath. there is an updated separate laundry facility on 1st floor. well maintained, with white vinyl fencing throughout and a large open parking lot. recently installed commercial play structure supplies a sense of community for the residents. individually metered for water/sewer/electric, concrete block construction and new roof are just a few of the value-add items increasing the value to the investment. current owner is willing to continue managing the complex making for an easy transition to new owners. current 2020 pro forma available to qualified parties. property located in dade city, within pasco county.Multi Family - ACREAGE CODE DCCTLP-DCCTLP1
37202 MAJESTIC OAK, DADE CITY, FL 33525
Date Sold 02-20-2020
Sold Price$2,074,000 Asking Price$2,100,000
Share by:
- Living 18592sqft
- Lot size 46937sqft
- Taxes: Register to see
- Year Built 1981
-
Days on market:
24 day(s) Original Price:
$2,100,000-
Price per sqft:
$112.95 Tax Legal Description:
BEG NE COR SW1/4 OF NW1/4 TH WEST 350.00 FT TH SOUTH 300.00 FT TO CENTER DADE CITY SAN ANTONIO RD TH NELY ALG CENTER OF SAID RD TO POB LESS NORTH 25.00 FT THEREOF & LESS RD R/W FORT KING & COM NE COR OF SW1/4 OF NW1/4 TH S89DEG 48' 30"W 65.86 FT TO W LY R/W FORT KING HWY TH ALG ARC OF CURVE CONCAVE WLY 25.17 FT CHD BRG S06DEG 44'12"W 25.17 FT RAD 1854.86(Q1) FT TH CONT ALG SAID ARC CHD BRG S07DEG 14' 02"W 6.50 FT TO ITS INTERSEC- TION WITH NLY BDY OLD SAN ANTONIO RD FOR POB TH CONT ALG ARC CV CHD BRG S07DEG 14'02"W 0.16 FT TO PRC TH ALG REVERSE CURVE CHD BRG S06DEG 29'18"W 59.16 FT ARC DISTANCE 59.17 FT (Q2) RAD 1964.86 FT TO SLY BDY OF OLD SAN ANTONIO RD TH S49 DEG 47'00"W 270.55 FT TH N40 DEG 13'00"W 40.00 FT TH N49DEG 47'00"E 313.01 FTTax Year:
2018-
MLS:
T3209966 -
Property Type:
Multi Family -
Parking:
Common Guest Open -
Furnished Info:
Unfurnished
Elementary School:
Pasco Elementary School-POMiddle School:
Pasco Middle-POSenior High School:
Pasco High-PO
Lease Term Remaining:
12 MonthsConstruction Type:
BlockRoof:
ShingleCooling Description:
Central AirHeating Description:
ElectricFloor Description:
CarpetVinylInterior Features:
Thermostat Kitchen/Family Room ComboExterior Features:
SidewalkEquipment/Appliances:
RefrigeratorElectric Water Heater Range Range HoodAmenities:
Laundry Gated Playground SecuritySpecial Listing Conditions:
NoneLot Features:
Cul-De-Sac