Turnkey Rentals
12136 Munbury Drive, Dade City, FL
12.38% return
LP:
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Property Description

Awesome investment property. Two triplexes. Part of Tampa MSA. Concrete block with separate electric meters. Very low expenses. Decent condition. No deferred maintenance needed. High returns on investment. Property can generate 13%+ return on investment after management and expenses. Do not miss out on this one.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units6
  • Total bedrooms6
  • Total bathrooms6
  • Building size3388 sq. ft.
  • Lot size0.3 acres
  • Year built1973
  • CountyPasco County
  • SubdivisionPASADENA SUB
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSeptic
  • HeatingCentral
  • CoolingCentral

Property Financial Summary

  • Asking price $275,000
  • Estimated rehab 1 $0
  • Total investment $275,000
  • Type Proforma
  • Gross income (annually) $46,800
  • Operating expenses (annually) $12,767
  • Net income (annually) $34,033
  • Gross return 17.02%
  • Gross income (monthly) $3,900
  • Operating expenses (monthly) $1,064
  • Net income (monthly) $2,836
  • Net return 12.38%

Property Income & Expenses

  • Income
  • 12136 Munbury Drive, 12136 Triplex
  • Unit 1: 1 bed / 1 bath $650/month $7,800/year
  • Unit 2: 1 bed / 1 bath $650/month $7,800/year
  • Unit 3: 1 bed / 1 bath $650/month $7,800/year
  • 12140 Munbury Drive, 12140 Triplex
  • Unit 1: 1 bed / 1 bath $650/month $7,800/year
  • Unit 2: 1 bed / 1 bath $650/month $7,800/year
  • Unit 3: 1 bed / 1 bath $650/month $7,800/year
  • Total $3,900/month $46,800/year
  • Expenses
  • Property Taxes $221/month $2,647/year
  • Insurance $183/month $2,200/year
  • Electric bill $10/month $120/year
  • Water bill $60/month $720/year
  • Maintenance reserve $200/month $2,400/year
  • Property Management $390/month $4,680/year
  • Total $1,064/month $12,767/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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