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Philip & Perrine Dowling

perrine@dowlingteam.com +1(239) 537-3332

$1,325,000

Est. payment - /mo

10,000 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $132

Subdivision Acerage

MLS Listing ID G5115278

HOA Y/N No

Year Built 1980

Annual Tax Amount $10,729

Lot Size 4.570 Acres

Acres 4.57

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

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.

Location

State FL

County Pasco

Community Acerage

Area 33523 - Dade City/Ridge Manor

Zoning AR

Interior

Interior Features Ceiling Fans(s), Open Floorplan, Thermostat

Heating Ductless

Cooling Wall/Window Unit(s)

Fireplace false

Laundry None

Exterior

Exterior Feature Fence

Parking Features Driveway

Utilities Available Cable Connected, Electricity Connected

Water Access No

View Park/Greenbelt

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 2 to less than 5

Sewer Aerobic Septic

Water Public

Structure Type Vinyl Siding

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://drive.google.com/file/d/15CMRYWoMgZ0qSo5QADUhaRCb1abR9TWs/view?usp=sharing

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Listed by Christopher Diaz DENIZ REALTY PARTNERS LLC

37351 CARRINGER RD Dade City, FL 33523