UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,169 sqft
Price per Sqft $314
Subdivision Lake Como Homesites
MLS Listing ID W7879081
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1978
Annual Tax Amount $6,114
Lot Size 5.500 Acres
Acres 5.5
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Two parcels are vacant and buildable. One parcel includes a single family home with a long term tenant currently paying below market rent. The lakefront parcel of approximately 2.25 acres is improved with a duplex consisting of an upstairs two bedroom one bath unit and a downstairs one bedroom one bath unit. Both units are occupied by long term tenants on month to month leases, also paying below market rents, creating immediate upside potential for a new owner.
Survey highlights confirm a total of 5.5 acres across all parcels with ingress and egress easement access recorded at 44.3 feet across parcel 0020. FEMA mapping places the property in Flood Zone X, minimizing flood risk and removing mandatory flood insurance requirements. Property addresses include 20105, 20125, and 20135 Green Grass Lane, Lutz, Florida 33558.
This property offers immediate cash flow from existing tenants along with the ability to expand with additional duplexes, quads, or multifamily structures, making it one of Pasco County's most versatile investment opportunities.
Financing options: Investor financing may be available through conventional investment property loans, DSCR products, or portfolio lending. All financing is subject to buyer qualification and lender approval. For details on available lending options, please contact Joe Spellman, Nexa Mortgage, NMLS#2142845
Location
State FL
County Pasco
Community Lake Como Homesites
Area 33558 - Lutz
Zoning MULTIFAM
Interior
Interior Features High Ceilings
Heating Heat Pump
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplace false
Appliance Cooktop, Range Hood, Refrigerator
Laundry Inside
Exterior
Exterior Feature Awning(s)
Parking Features Curb Parking
Garage Spaces 2.0
Utilities Available Electricity Connected, Water Connected
Waterfront Description Lake Front
View Y/N Yes
Water Access Yes
Water Access Desc Lake
View Trees/Woods, Water
Roof Type Shingle
Porch Covered, Screened
Attached Garage true
Garage true
Private Pool No
Building
Lot Description Cleared, Irregular Lot, Private
Story 1
Entry Level Two
Foundation Slab
Lot Size Range 5 to less than 10
Sewer Septic Tank
Water Well
Architectural Style Custom
Structure Type Other
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/W7879081
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