Lambert 5

Multi-Family for Sale
Catylist Listing ID: 30040448
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 4,250 SF
Gross Land Area: 0.25 Acres
Sale Price: $349,000
Unit Price: $69,800 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,250 SF
Sale Terms: Cash to Seller
Cap Rate: 0.07%
Average Occupancy Rate: 100
Last Updated: 6/23/2017

Overview / Comments

One duplex and one triplexx for a total of five 2 bedroom, one bath units. Appliances (range/refrig) in each unit. Fully rented (avg $650 per) with security deposits. Annual leases required with month to month thereafter. Tenants responsible for electric and water/sewer. Off street parking. New shingled roof 2006. Block Stucco storage building (10x20) at rear of property that was previously set up for coin operated washer/dryer. new being used as storage building for tenants. Current market conditions indicate similar rentals demand as much as $750. Couple this with an estimated real estate inflation rate of 8% for the Tampa are makes this a decent long term investment. This is located right near Downtown New Port Richey.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 1626050090000000070
Zoning: 000C
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 1
Year Built: 1978
Year Renovated: 2006
Roof Type: Hip
Construction/Siding: Block
Zoning Description: Commercial

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,507 74,597 155,552
Median Age: 44.36 45.08 44.79
Households: 4,053 33,449 67,410


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