Seventeenth Street Apartments - 14838 17th St, Dade City, FL 33523

The property is located at the corner of 17th Street and Clinton street in the Dade City North neighborhood. Dade City is a charming community situated on beautiful rolling hills and is popular with tourists for its antique stores, restaurants and historic architecture. It hosts the annual Kumquat Festival in its historic downtown district each year. This festival brings in thousands of tourists from the region. It's close vicinity to nearby St. Leo College and I-75 make it an ideal place to live for students and blue collar commuters into the Tampa Bay area. The eastern area of Pasco County, featuring Dade City as the hub, is poised for business growth and economic expansion. A stable workforce, business friendly government, great transportation options and solid quality of life environment are factors that contribute to Dade City's positive prospectus.  Dade City is located within the Tampa Bay MSA, a major metropolitan area located on Florida's West coast. It is the third largest MSA in the Southeastern United States and 19th largest in the entire U.S. Current statistics rank this MSA has one of the fastest growing markets nationally. It is home to many major employers such as Wal-Mart, Publix Supermarkets, Verizon Communications, Inc. and many others. Corporations and small business owners alike, flock to the area for its lack of state taxes, affordable housing and forward thinking economics. Superb, investment property fronting on Clinton Street, just a few miles from Dade City's quaint downtown area on US Hwy 301. Centrally located near everything including schools, shopping and restaurants. The property consists of 3 buildings with 8 two-bedroom units, 4 one-bedroom units for a total of 9,600 NRSF. The property was constructed in 1950 and renovated entirely in 2019-2020. All apartment homes have been completely remodeled and include new A/C, roofs, windows, doors, upgraded flooring, cabinets, appliances and paint. There wasn't a single inch of this property that was left un-touched. Each building is constructed of solid, concrete block with brand new shingle roofing. Current rents are lower than market averages based on area comparables of multi-family properties that have been recently renovated. The current rental amounts include water, sewer and trash, leaving each resident responsible for electric and cable. Each building is on the same parcel of land, making this property an easy one to manage. Property is currently 100% occupied, making this a great investment to step into and make money immediately without much to do!