4986 STEEL DUST LANE UNIT 1-4 LUTZ FL 33559 MLS #A4605402

4986 STEEL DUST LANE UNIT 1-4
LUTZ, FL, 33559
$695,000
10 Beds
6 Baths
4,080 SqFt
0.22 Acres
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Under contract-accepting backup offers. MULITPLE OFFERS, BEST AND FINAL BY Thursday 4/5/2024. 100% Occupied income generated 4-unit multifamily community in Lutz presents an attractive investment opportunity with several appealing features: Current rent $5287 with 12 months leases. The property boasts a diverse unit mix, with (2) the units offering three bedrooms and two bathrooms and (2) the units offering two bedrooms and 1 bathroom. Each unit is individually metered for water and sewer, which can help in ensuring tenants are responsible for their utility usage, potentially reducing operational costs for the landlord. The property is constructed with concrete block, a durable and low-maintenance material choice that offers longevity and stability to the buildings. This can contribute to lower maintenance costs over time. The surrounding area boasts strong demographics, with a median household income of $85,372 and an average household income of $100,668 within a one-mile radius. This indicates a potentially affluent tenant base capable of paying competitive rental rates. The property’s close proximity to Interstate 75 provides convenient access to Tampa, a major economic and cultural hub in the region. This accessibility can be appealing to tenants who commute for work or seek entertainment options in the city

Property Details

Price:
$695,000
MLS #:
A4605402
Status:
Pending
Beds:
10
Baths:
6
Address:
4986 STEEL DUST LANE UNIT 1-4
Type:
Condo
Subtype:
Condominium
Subdivision:
WILLOW LAKE SUB
City:
LUTZ
Listed Date:
Mar 30, 2024
State:
FL
Finished Sq Ft:
4,080
ZIP:
33559
Lot Size:
9,625 sqft / 0.22 acres (approx)
Year Built:
1982
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Schools

Interior

Appliances
Dryer, Microwave, Range, Washer
Bathrooms
6 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Laminate
Heating
Central
Laundry Features
Common Area

Exterior

Community Features
None
Construction Materials
Block
Exterior Features
Balcony
Roof
Shingle

Financial

Buyer Agent Compensation
2%%
HOA Includes
Maintenance Grounds, Pest Control
Tax Year
2023
Taxes
$9,116

Map

Community

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4986 STEEL DUST LANE UNIT 1-4
LUTZ, FL