5611 12th Street
5611 12th Street
$399,900
—
2,348
2,348
$170
Sold 7/17/23
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.
- Listed by Ferdian Jap • CHARLES RUTENBERG REALTY INC
Property Details for 5611 12th Street
Subdivision Name
CITY ZEPHYRHILLS
Township26S
WaterfrontNo
Location
LISTING UPDATED: 07/19/2023 10:58 AM
Property Details for 5611 12th Street
Status | Sold |
---|---|
MLS # | T3441095 |
Days on Market | 16 |
Taxes | $2,200 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1939 |
Lot Size | 0.21 AC / 9,300 SF |
County | Pasco County |
Location
Building Information for 5611 12th Street
Stories-Residences3Year Built1939Building Size-Lot Size0.21 AC / 9,300 SF
Payment Calculator
$2,366 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5611 12th Street
Property History for 5611 12th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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