$3,000,000
$3,200,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
18,592 SqFt
SOLD DATE : 02/04/2022
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 18,592 sqft
Price per Sqft $161
Subdivision Acreage Code Dcctlp-Dcctlp1
MLS Listing ID O5957844
Sold Date 02/04/22
Construction Status Financing
HOA Y/N No
Year Built 1981
Annual Tax Amount $19,011
Lot Size 1.080 Acres
Acres 1.08
Lot Dimensions 285x246x350 appx
Property Description
A++ PRISTINE ASSET is the FLAGSHIP APARTMENT COMPLEX in Dade City. The 21 Unit Majestic Oak Court Apartments is an EXTREMELY WELL MANAGED - WELL MAINTAINED property. COMPLETELY TURN KEY, 100% OCCUPIED complete with TENANT WAITING LIST. 6.0% Cap rate. ALL 21 UNITS HAVE BEEN COMPLETELY REMODELED with HD Vinyl wood flooring throughout all living areas, tile in kitchen & baths, and granite counters. Property consists of twenty (20) 2 bedroom townhomes with 896sf and 1-1/2 baths, (1) 1 bedroom townhome with 672sf and 1 bath. THOUGHTFUL TENANT AMENITIES provided: UPGRADED LAUNDRY FACILITY, COMMERCIAL GRADE PLAYGROUND evokes a sense of community for the residents. Vinyl fencing throughout creates PRIVACY AND SECURITY. LARGE OPEN PARKING with 21 ASSIGNED PARKING SPOTS as well as 10 GUEST SPOTS. This attention to tenant needs has created dependable LONG-TERM TENANTS. Individually metered for water/sewer/electric, concrete block construction and newer roof and 100% remodeled are just a few of the Value-Added items increasing the value to the investment. Only 7 minutes to Saint Leo University, 1 mile to vibrant downtown Dade City. The current management company is willing to continue managing the complex making for an easy transition to new owners. Current 2021 & 2022 Pro Forma available to qualified parties. Property located in Dade City, within Pasco County.
Location
State FL
County Pasco
Community Acreage Code Dcctlp-Dcctlp1
Zoning ORS3
Interior
Interior Features Kitchen/Family Room Combo, Thermostat
Heating Electric
Cooling Central Air
Flooring Carpet, Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Electric Water Heater, Range, Range Hood, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Sidewalk
Parking Features Assigned, Common, Guest, Open
Utilities Available Cable Available, Electricity Connected, Phone Available, Public, Water - Multiple Meters
Amenities Available Gated, Laundry, Playground, Security
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Cul-De-Sac
Entry Level Two
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Financing
Schools
Elementary Schools Pasco Elementary School-Po
Middle Schools Pasco Middle-Po
High Schools Pasco High-Po
Others
Pets Allowed Breed Restrictions
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Num of Pet 1
Special Listing Condition None
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