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5611 12th Street

Zephyrhills, FL 33542

– beds
– baths
2,348 sqft
9,300 sqft lot
$170 per sqft
1939 build
– on site

More homes

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.

Listing courtesy of STELLAR_MLS / CHARLES RUTENBERG REALTY INC

Last checked: Checking… • Last updated Sep 15, 2024 •

MLS# T3441095 —

The Building

Year Built:

1939
New Construction:

false
Construction Materials:

Stucco
Roof:

Shingle
Foundation Details:

Crawlspace
# of Buildings:

2
Building Area Units:

Square Feet

Interior

Interior Features:

Ceiling Fan(s)
Fireplace:

false

Room Dimensions

Living Area:

2348
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

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.
Latitude:

28.239015
Longitude:

-82.177856
Coordinates:

-82.177856, 28.239015

The Property

Parcel Number:

1126210010104000050
Property Type:

Residential Income
Property Subtype:

Triplex
Property Attached:

false
Lot Size Acres:

0.21
Lot Size Area:

9300
Lot Size SqFt:

9300
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

R2
View:

false
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Gravel
Flood Zone Code:

X
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Lot:

7
Tax Block:

104
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 Book Number:

1-54
Tax Annual Amount:

2199.61

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Wall Units / Window Unit
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Water Connected
Sewer:

Public Sewer

The Community

Subdivision Name:

CITY ZEPHYRHILLS
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
7/17/23 Jul 17, 2023	Sold	STELLAR_MLS	$399,900
7/13/23 Jul 13, 2023	Pending	STELLAR_MLS	$399,900
6/17/23 Jun 17, 2023	Relisted	STELLAR_MLS	$399,900

Multifamily Sold on 7/17/2023

$399,900

Listing provided by broker:

Ferdian Jap

CHARLES RUTENBERG REALTY INC

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Listing Courtesy of: STELLAR_MLS and CHARLES RUTENBERG REALTY INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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 information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

5611 12th Street

Zephyrhills, FL 33542