Address
37202 MAJESTIC OAK COURT Dade City, FL
Price
$ 3,200,000
Property Attributes
  • MLS#O5957844
  • TypePending
  • CountyPASCO
  • CityDade City
  • AreaDade City-Richland
  • NeighborhoodACREAGE CODE DCCTLP-DCCTLP1
  • Zip33525
  • StyleMulti-Family
  • Year Built1981
  • Taxes$ 19011
  • Price$ 3,200,000
  • Bedrooms41
  • Full Bathrooms41
  • Half Bathrooms0
  • Sqr Footage18592
  • Lot Size1.08 Acres
Listing Provided Courtesy Of:
PREFERRED REAL ESTATE BROKERS
Data Source:
Stellar MLS
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.

Elementary School Middle School High School
Pasco Elementary School-PO Pasco Middle-PO Pasco High-PO
Price History
7/22/2021 Listed $3,200,000

General Features

Additional Parcels Y/N No
Appliances Electric Water Heater, Range, Range Hood, Refrigerator
Association Amenities Gated, Laundry, Playground, Security
Association Y/N No
Building Area Units Square Feet
Carport Y/N No
City DADE CITY
Construction Materials Block
Cooling Central Air
County Pasco
Days on Market 66
Directions From Tampa: 275 north to Dade city exit. Right on Route 52 for 14 approx miles. As you pass the high school on right bear right onto Coleman Ave. Drive 1/2 mile to Fort king road
Elementary School Pasco Elementary School-PO
Exterior Features Sidewalk
Flooring Carpet, Vinyl
Garage Y/N No
Grossincome 277450
Heating Electric
High School Pasco High-PO
Interior Features Kitchen/Family Room Combo, Thermostat
Levels Two
MLS Area 33525 - Dade City/Richland
Middle/Junior High School Pasco Middle-PO
New Construction No
Occupant Type Tenant
Ok to Lease 12 Months
Ownership Fee Simple
Pets Allowed Breed Restrictions
Private Pool No
Property SubType Multi-Family
Property Type Residential Income
Roof Shingle
Security Features Closed Circuit Camera(s), Fire Alarm, Gated Community, Key Card Entry, Security Gate, Security Lights
Senior Community Y/N No
Sewer Public Sewer
Standard Status Pending
Status Pending
Street Name MAJESTIC OAK
Subdivision Name ACREAGE CODE DCCTLP-DCCTLP1
Tax Annual Amount 19011
Tax Lot 0000
Tax Year 2020
Tenant Pays Electricity, Sewer, Water
Terms Cash, Other
Total Number of Buildings 2
Total Units 21
Township 24
Unit Count 2
Utilities Cable Available, Electricity Connected, Phone Available, Public, Water - Multiple Meters
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O5957844
Water Access YN No
Year Built 1981
Zoning ORS3

Interior Features

Fireplace Y/N No
Flood Zone Code Zone X
Furnished Y/N Unfurnished
Laundry Features Laundry Room
Living Area 18592
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix COURT

Exterior Features

Building Area Total 18928
Foundation Details Slab
Lot Dimensions 285x246x350 appx
Lot Features Cul-De-Sac
Lot Size Acres 1.08
Lot Size Square Feet 46937
Parking Features Assigned, Common, Guest, Open
Road Surface Type Asphalt
Water Extras YN No
Water Source Public
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 33525

Price
AVG $630K
$3.2M
Taxes
AVG $2,412
$19,011
Visits
AVG 180
585
Year Built
AVG 2003
1981

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