4986 Steel Dust Lane Unit 1-4, Lutz, FL 33559

$695,000
10
BD
6
BA
4,080
SqFt
List Price
$695,000
Status
Pending
Days on Market
7
MLS#
A4605402
Property Style
Condo
Year Built
1982
Bedrooms
10
Bathrooms
6
Living Area
4,080
Lot Size
9,625
Acres
0.22
Total Acreage
0 to less than 1/4
Building Name
1
Legal Subdivision Name
Willow Lake Sub
MLS Area Major
Lutz

Property Description

Under contract-accepting backup offers. MULITPLE OFFERS, BEST AND FINAL BY Thursday 4/5/2024. 100% Occupied income generated 4-unit multifamily community in Lutz presents an attractive investment opportunity with several appealing features: Current rent $5287 with 12 months leases. The property boasts a diverse unit mix, with (2) the units offering three bedrooms and two bathrooms and (2) the units offering two bedrooms and 1 bathroom. Each unit is individually metered for water and sewer, which can help in ensuring tenants are responsible for their utility usage, potentially reducing operational costs for the landlord. The property is constructed with concrete block, a durable and low-maintenance material choice that offers longevity and stability to the buildings. This can contribute to lower maintenance costs over time. The surrounding area boasts strong demographics, with a median household income of $85,372 and an average household income of $100,668 within a one-mile radius. This indicates a potentially affluent tenant base capable of paying competitive rental rates. The property's close proximity to Interstate 75 provides convenient access to Tampa, a major economic and cultural hub in the region. This accessibility can be appealing to tenants who commute for work or seek entertainment options in the city

Additional Information

Taxes
$9116
Minimum Lease
No Minimum
Maintenance Includes
Maintenance Grounds, Pest Control
Community Features
None, No Deed Restriction
Property Description
Two Story
Zoning
MF2
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Floor
Carpet, Laminate
Appliances
Dryer, Microwave, Range, Washer
Utilities
Electricity Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
Balcony
Roof
Shingle
Foundation
Block
Pool
No Pool
Floor Number
2
Flood Zone Code
X
Parcel ID
14-26-19-0040-00000-0021
Legal Description
WILLOW LAKE SUB PB 11 PG 50 POR LOT 2 COM MOST SLY COR LOT 2 BEING INTSEC NE R/W TAMPA DOWNS BLVD & NWLY R/W STEEL DUST LN FOR POB TH N39DEG 38' 43"W ALG R/W 121.61 FT TO PC INTERSECT SE R/W SR 54 TH NELY ALG ARC OF CRV LT ALG R/W 79.68 FT TO PC RAD 2914.79 FT DELTA 01DEG 33' 59" CHD 79.68 FT BRG N42DEG 31' 03.5"E TH S39DEG 38' 43"E 119.49 FT TO R/W STEEL DUST LN TH S41DEG 00' 48"W ALG R/W 80 FT TO POB

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER REALTY.

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