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: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.
Sold for $695,000 on 05/15/24
$695,000
4986 Steel Dust Ln, Lutz, FL 33559
10beds
6baths
4,080sqft
Quadruplex, Multi Family
Built in 1982
-- sqft lot
$644,700 Zestimate®
$170/sqft
$1,885 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: May 15, 2024 at 01:32pm
Listing Provided by:
Sam Pergerson 941-960-9109,
COLDWELL BANKER REALTY 813-286-6563,
Jonathan Pergerson 941-888-0043,
COLDWELL BANKER REALTY
Bought with:
Annie Amador
RES REAL ESTATE SOLUTIONS, LLC
Source: Stellar MLS,MLS#: A4605438
Originating MLS: Tampa

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Has fireplace: No
Interior area
- Total structure area: 4,752
- Total interior livable area: 4,080 sqft
Property
Features
- Exterior features: Balcony
Lot
- Size: 9,625 sqft
Details
- Parcel number: 1426190040000000021
- Zoning: MF2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Lutz
- Subdivision: WILLOW LAKE SUB
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 5250
Other
Other facts
- Ownership: Fee Simple
- Road surface type: Asphalt
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Estimated market value
$644,700