37250 FLORIDA AVE, DADE CITY, FL, 33525
$449,990
Residential
|
Bedrooms
5
|
Bathrooms
3
|
Living Area
2,220 Sqft
|
Lot Size
9,374 Sqft
|
**Investment Opportunity in Dade City – Recently Remodeled 3-Unit Multifamily Property!**
Excellent opportunity to own a versatile multifamily property at 37248 & 37250 Florida Ave in Dade City, Florida. Featuring three separate rental units and a detached garage, this property offers multiple income streams and an attractive setup for investors seeking rental income or owner-occupants looking to offset their housing expenses.
The property consists of two spacious 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. All three units have been recently remodeled and feature their own in-unit laundry hookups, providing added convenience for tenants. Major improvements include a roof replacement in 2024, newer AC units, updated electrical and plumbing.
**Current Rental Income:**
* Unit 1: 2 bed, 1 bath = $1,400/month | Lease through 12/01/2026
* Unit 2: 2 bed, 1 bath = $1,400/month | Month-to-month
* Unit 3: 1 bed, 1 bath = $950/month | Lease through 02/01/2027
**Total Monthly Rental Income: $3,750**
**Total Annual Rental Income: $45,000**
With recent renovations, a newer roof, newer AC units, individual laundry hookups, and an additional detached garage, this property offers a compelling combination of functionality and income potential.
Whether you're expanding your rental portfolio or looking to live in a home with additional rental income, this property is worth a closer look!
**Owner financing may be available with attractive terms**
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8556602 | Year Built: | 1955 | |
| Appliances: | Dishwasher, Disposal, Microwave, Range, Refrigerator | Construction Materials: | Frame | |
| Cooling: | Central Air, Mini-Split Unit(s) | Country: | US | |
| County Or Parish: | Pasco | Direction Faces: | North | |
| Exterior Features: | Other | Flooring: | Carpet, Ceramic Tile, Laminate | |
| Foundation Details: | Crawlspace, Slab | Furnished: | Unfurnished | |
| Heating: | Central, Electric | Laundry Features: | Inside | |
| Levels: | Two | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, FHA, Lease Option, Owner Financing | Occupant Type: | Tenant | |
| Possession: | Close Of Escrow | Property Sub Type: | Half Duplex | |
| Property Type: | Residential | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Call Listing Agent, See Remarks | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Electricity Connected, Water Connected | |
| Water Source: | Public | |||
| Rooms | Rooms | |||
|---|---|---|---|---|
| Living Room: | Kitchen: | |||
| Primary Bedroom: | Primary Bathroom: | |||
| Bedroom 2: | Bedroom 3: | |||
| Bedroom 4: | Bathroom 2: | |||
| Bathroom 3: | ||||
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