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$3,200,000
37202 Majestic Oak Ct, Dade City, FL 33525
0 Beds
0 Baths
18,928 sqft

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A++ PRISTINE ASSET is the FLAGSHIP APARTMENT COMPLEX in Dade City. The 21 Unit Majestic Oak Court Apartments is an EXTREMELY WELL MANAGED - WELL MAINTAINED property. COMPLETELY TURN KEY, 100% OCCUPIED complete with TENANT WAITING LIST. 6.0% Cap rate. ALL 21 UNITS HAVE BEEN COMPLETELY REMODELED with HD Vinyl wood flooring throughout all living areas, tile in kitchen & baths, and granite counters. Property consists of twenty (20) 2 bedroom townhomes with 896sf and 1-1/2 baths, (1) 1 bedroom townhome with 672sf and 1 bath. THOUGHTFUL TENANT AMENITIES provided: UPGRADED LAUNDRY FACILITY, COMMERCIAL GRADE PLAYGROUND evokes a sense of community for the residents. Vinyl fencing throughout creates PRIVACY AND SECURITY. LARGE OPEN PARKING with 21 ASSIGNED PARKING SPOTS as well as 10 GUEST SPOTS. This attention to tenant needs has created dependable LONG-TERM TENANTS. Individually metered for water/sewer/electric, concrete block construction and newer roof and 100% remodeled are just a few of the Value-Added items increasing the value to the investment. Only 7 minutes to Saint Leo University, 1 mile to vibrant downtown Dade City. The current management company is willing to continue managing the complex making for an easy transition to new owners. Current 2021 & 2022 Pro Forma available to qualified parties. Property located in Dade City, within Pasco County.
  • Price:
  • $3,200,000
  • Square Footage:
  • 18,928
  • Acreage:
  • 1.08
  • Year Built:
  • 1981
  • Listing ID #:
  • MFRO5957844
  • Street Address:
  • 37202 Majestic Oak Ct
  • City:
  • Dade City
  • State:
  • Florida
  • Postal Code:
  • 33525
  • County:
  • Pasco
  • Community:
  • Dade City/Richland
  • Subdivision:
  • Acreage Code Dcctlp-Dcctlp1
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
n/a

PASCO ELEMENTARY SCHOOL-PO
Public
n/a

PASCO MIDDLE-PO
Public
n/a

PASCO HIGH-PO
Public
  • Approximate Total Liveable Area:
  • 18592
  • Building Security:
  • Closed Circuit Camera(s), Fire Alarm, Gated Community, Key Card Entry, Security Gate, Security Lights
  • Construction Type:
  • Block
  • Exterior Features:
  • Sidewalk
  • Flooring:
  • Carpet, Vinyl
  • Foundation:
  • Slab
  • Furnished:
  • Unfurnished
  • Interior Features:
  • Kitchen/Family Room Combo, Thermostat
  • Number Of Units:
  • 21
  • Stories:
  • Two
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 18928
  • Type Of Roof:
  • Shingle
  • Year Built:
  • 1981
  • Annual Income:
  • 192615.00
  • Gross Income:
  • 277450
  • Conforms To Zoning:
  • Ors3
  • Federal Flood Zone:
  • X
  • Lot Features:
  • Cul-De-Sac
  • Lot Square Footage:
  • 46937
  • Road Type:
  • Asphalt
  • Association Amenities:
  • Gated, Laundry, Playground, Security
  • Can Be Leased:
  • 1
  • Days On Market:
  • 109
  • Lease Terms:
  • Twelve Months
  • On Market Date:
  • 2021-07-18
  • Originating Mls:
  • Mfrmls
  • Property Description:
  • Mid Rise
  • Terms:
  • Cash, Other
  • Ownership:
  • Fee Simple
  • Property Taxes:
  • $19,011
  • Tax Year:
  • 2020
  • Tenant Pays:
  • Electricity, Sewer, Water
  • Number Of Pets:
  • 1
  • Pet Allowed:
  • Breed Restrictions
  • Pet Restriction Description:
  • Breed Restictions
  • Parking Description:
  • Assigned, Common, Guest, Open
  • Appliances:
  • Electric Water Heater, Range, Range Hood, Refrigerator
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Heating:
  • Electric
  • Laundry:
  • Laundry Room
  • Sewage Type:
  • Public Sewer
  • Utilities:
  • Cable Available, Electricity Connected, Phone Available, Public, Water - Multiple Meters
  • Unit 1 Square Footage:
  • 896
  • Unit 1 Type:
  • Two Bed/Two Bath
  • Unit 2 Square Footage:
  • 672
  • Unit 2 Type:
  • One Bed/One Bath
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

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