5611 12th Street

Zephyrhills, FL 33542

$399,900
Last Sold Price
—
Beds
2,348 Sq. Ft.
$170 / Sq. Ft.
2,348
Sq. Ft.
$170
per Sq. Ft.

Description

Under contract-accepting backup offers. Appraised for $425K in June 2023! Located in a very desirable market, just 2 miles from AdventHealth, Publix, Starbucks, Chic-Fil-A, Super Walmart and much more, this is a 3-unit triplex property fully leased with 2 of the 3 leases expiring in 6 months creating a significant value add opportunity. Two of the units are 2 bedrooms and one of the units is a 3 bedroom. This property rents for $47,400 per year. After expenses of about $15,000, the Net Operating...Under contract-accepting backup offers. Appraised for $425K in June 2023! Located in a very desirable market, just 2 miles from AdventHealth, Publix, Starbucks, Chic-Fil-A, Super Walmart and much more, this is a 3-unit triplex property fully leased with 2 of the 3 leases expiring in 6 months creating a significant value add opportunity. Two of the units are 2 bedrooms and one of the units is a 3 bedroom. This property rents for $47,400 per year. After expenses of about $15,000, the Net Operating Income is almost $32,000 per year. With 25% down, this property is making just under a 12% cash-on-cash return which includes a 5% vacancy factor, an 8% management fee and an amortizing loan. If desired, an interest-only loan will lower mortgage payments and push yields even higher. Value add opportunity in less than 6 months when 2 of the leases expire. The Buyer can adjust rents to market levels to achieve almost a 18% cash-on-cash return. For a full analysis, please contact us for details.
  1. Listed by Ferdian Jap • CHARLES RUTENBERG REALTY INC

Property Details for 5611 12th Street

Subdivision Name
CITY ZEPHYRHILLS
Township
26S
Waterfront
No

Location

Listing Courtesy of CHARLES RUTENBERG REALTY INC, Ferdian Jap

Sold By LPT REALTY, LLC, Mateo Zapata

Add your commute
LISTING UPDATED: 07/19/2023 10:58 AM

Property Details for 5611 12th Street

StatusSold
MLS #T3441095
Days on Market16
Taxes$2,200 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1939
Lot Size0.21 AC / 9,300 SF
CountyPasco County

Location

Listing Courtesy of CHARLES RUTENBERG REALTY INC, Ferdian Jap

Sold By LPT REALTY, LLC, Mateo Zapata

Add your commute

Building Information for 5611 12th Street

Stories-Residences3Year Built1939Building Size-Lot Size0.21 AC / 9,300 SF

Payment Calculator

$2,366 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,182

Property Taxes

$183

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5611 12th Street

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Head north on Highway 301 past SR 56 for about 5 minutes, make a right on 5th Avenue and then a left on 12th. Go for 4 blocks, property is on the left side.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Limited Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 5611
  • Street Name: 12TH
  • Street Suffix: STREET
  • State: FL
  • City: ZEPHYRHILLS
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 104
  • Tax Book Number: 1-54
  • Tax Legal Description: CITY OF ZEPHYRHILLS PB 1 PG 54 LOTS 5 & 6 & NORTH 13.00 FT OF WEST 25.00 FT OF LOT 7 & NORTH 5.00 FT OF EAST 115.00 FT OF LOT 7 BLOCK 104
  • Tax Lot: 7
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 11-26-21-0010-10400-0050
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: R2
  • Living Area: 2348
Property and Assessments
  • Year Built Numeric: 1939
  • Flood Zone Code: X
  • New Construction: No
  • Number Of Lots: 1
  • Property Attached: No
  • Public Survey Range: 21E
  • Public Survey Section: 11
Utilities
  • Sewer: Public Sewer
  • Utilities: Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco, Wood Siding
  • Exterior Features: Other
  • Foundation Details: Crawlspace
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Wall Units / Window Unit
  • Interior Features: Ceiling Fans(s), Ninguno
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $31,821.00
  • Gross Income: $47,400
  • Total Monthly Expenses: $14,157
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 3
  • Unit Type Type 1: 3 Bed/1 Bath
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Type 2: 2 Bed/1 Bath
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 2
  • Unit Type Type 3: 2 Bed/1 Bath
Rental
Rental Information
  • Total Actual Rent: $3,950

Property History for 5611 12th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5611 12th Street

Taxable ValueLand$15,051Additions$128,862Total$143,913
Tax Record2023$2,823 ($235 / month)
Home Facts
Total Finished SqFt1,748 SqFtAbove Grade Finished SqFt1,748 SqFtStories2Lot Size9,300 SqFtStyleMulti-Family Dwelling (2-4)Year Built1939Year Renovated1950Zoning00R2CountyPASCOAPN11-26-21-0010-10400-0050

Schools near 5611 12th Street

This home is within Pasco.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Woodland Elementary School
PublicPK to 5

Raymond B. Stewart Middle School
Public6 to 8

Zephyrhills High School
Public9 to 12

Centennial Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CHARLES RUTENBERG REALTY INC, Ferdian Jap

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 07/19/2023 10:58 AM