Dade City, FL 33525,37202 MAJESTIC OAK CT
Dade City, FL 33525,37202 MAJESTIC OAK CT
Dade City, FL 33525,37202 MAJESTIC OAK CT
25
$3,000,000
$3,200,000
6.3%
Est.Price: ?

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18,592 SqFt

37202 MAJESTIC OAK CT Dade City, FL 33525

Est. payment /mo
SOLD DATE : 02/04/2022

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Key Details

Sold Price $3,000,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 18,592 sqft

Price per Sqft $161

Subdivision Acreage Code Dcctlp-Dcctlp1

MLS Listing ID O5957844

Sold Date 02/04/22

Construction Status Financing

HOA Y/N No

Year Built 1981

Annual Tax Amount $19,011

Lot Size 1.080 Acres

Acres 1.08

Lot Dimensions 285x246x350 appx

Property Description

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.

Location

State FL

County Pasco

Community Acreage Code Dcctlp-Dcctlp1

Zoning ORS3

Interior

Interior Features Kitchen/Family Room Combo, Thermostat

Heating Electric

Cooling Central Air

Flooring Carpet, Vinyl

Furnishings Unfurnished

Fireplace false

Appliance Electric Water Heater, Range, Range Hood, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Sidewalk

Parking Features Assigned, Common, Guest, Open

Utilities Available Cable Available, Electricity Connected, Phone Available, Public, Water - Multiple Meters

Amenities Available Gated, Laundry, Playground, Security

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description Cul-De-Sac

Entry Level Two

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Financing

Schools

Elementary Schools Pasco Elementary School-Po

Middle Schools Pasco Middle-Po

High Schools Pasco High-Po

Others

Pets Allowed Breed Restrictions

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Num of Pet 1

Special Listing Condition None

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Bought with PREFERRED REAL ESTATE BROKERS

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agent

Chad Palcic

Agent | License ID: 3559112

+1(724) 317-6577

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