37351 CARRINGER RD, DADE CITY, FL, 33523
$1,325,000
Residential Income
|
Living Area
10,000 Sqft
|
Lot Size
199,089 Sqft
|
Presenting The Preserve, an established mobile home park located just north of historic Dade City, Florida, with excellent visibility and convenient access directly off US Highway 98. This income-producing investment features 11 occupied mobile homes generating immediate cash flow, along with a vacant commercial lot offering additional future potential. With an attractive 10% capitalization rate based on current income and expenses, The Preserve provides investors with the opportunity to acquire a stabilized asset while benefiting from future growth in one of Pasco County’s expanding corridors. The current owner has invested significantly in the property through major infrastructure improvements, including new septic systems, as well as thoughtful renovations to several of the homes during tenant turnover. These capital improvements help reduce future maintenance concerns while enhancing the long-term value of the property. The location is another standout feature. The property sits within the rapidly improving US 98 corridor, where the Florida Department of Transportation is investing more than $146 million in roadway widening, realignment, new intersections, sidewalks, and shared-use paths designed to improve traffic flow, accessibility, and regional connectivity between Dade City, US 301, and surrounding communities. These transportation improvements are expected to further strengthen the area’s appeal for both residents and businesses over the coming years. Listing includes 6 total parcels, for approx. 5 acres.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRG5115278 | Year Built: | 1980 | |
| Construction Materials: | Vinyl Siding | Cooling: | Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Pasco | |
| Exterior Features: | Fence | Financial Data Source: | Broker, Owner | |
| Foundation Details: | Slab | Heating: | Ductless | |
| Laundry Features: | None | Lease Term: | Twelve Months | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Occupant Type: | Tenant | |
| Parking Features: | Driveway | Pets Allowed: | Yes | |
| Possession: | Close Of Escrow | Property Sub Type: | Quadruplex | |
| Property Type: | Residential Income | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Sewer: | Aerobic Septic | |
| Showing Requirements: | Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Connected, Electricity Connected | View: | Park/Greenbelt | |
| Water Source: | Public | Window Features: | Blinds | |
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