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Under Contract $3,200,000
37202 Majestic Oak Court
Dade City, FL 33525

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Price: $3,200,000
Address: 37202 Majestic Oak Court
City: Dade City
Zip code: 33525
County: pasco
Subdivision: acreage code dcctlp-dcctlp1
Square Ft: 18592
Pool: None
Lot Size: 1.08
Property Type: Residential Income / Multi-Family
Construction: Block
Heating: Electric
WaterFront: None
Community Features:
Year Built: 1981
Remarks: 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.
Courtesy of: preferred real estate brokers

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Information on this website is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site is sourced from My Florida Regional MLS DBA Stellar MLS. Real estate listings held by brokerage firms other than Lipply Real Estate are marked with the Broker Reciprocity logo. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal.

*Data Updated 01 28 2022

MLS Office ID: 260030671
Lipply Real Estate Company
3302 Alternate 19 North, Suite A
Palm Harbor, FL 34683
Phone: 727-314-1000
Fax: 727-216-6549
Toll Free: 888-423-5775