37351 Carringer Road, Dade City, FL 33523
- $1,325,000
- 10,000
- SqFt
- List Price
- $1,325,000
- Status
- Active
- Days on Market
- 4
- MLS#
- G5115278
- Property Style
- Quadruplex
- Year Built
- 1980
- Living Area
- 10,000
- Lot Size
- 199,089
- Acres
- 4.57
- Total Acreage
- 2 to less than 5
- Legal Subdivision Name
- Acerage
- Complex/Comm Name
- The Preserve
- MLS Area Major
- Dade City/Ridge Manor
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.
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Additional Information
- Taxes Annual
- $10729
- Minimum Lease
- 1 Month
- Annual Gross Income
- 183900
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- AR
- Interior Layout
- Ceiling Fans(s), Open Floorplan, Thermostat
- Interior Features
- Ceiling Fans(s), Open Floorplan, Thermostat
- Utilities
- Cable Connected, Electricity Connected
- Heating
- Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Vinyl Siding
- Exterior Features
- Fence
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Driveway
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 21-24-15-000.0-006.00-006.0
- Legal Description
- COM AT PT WHERE SOUTH BDY OF NORTH 1/2 OF NE1/4 OF NW1/4 INTERSECTS WITH EAST BDY RW SCL TH EAST 540 FT FOR POB TH NORTH 260 FT EAST 417 FT SWLY 260 FT WEST 340 FT TO POB & COM NE COR OF NW 1/4 TH S89DEG 37'35"W 705.73 FT ALG NORTH LINE OF NW1/4 TH SOUTH 300 FT FOR POB TH SOUTH 69.29 FT TH N89DEG 37'11"E 277.58 FT TH S0DEG01'22"W 34.99 FT TH S89DEG37'11"W 397.57 FT TH NORTH 104.29 FT TH N89DEG 37'35"E 120 FT TO POB
Listing courtesy of DENIZ REALTY PARTNERS LLC. 407-704-0780
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