21 Unit Majestic Court Apartments is a very attractive opportunity for an investor to acquire a turnkey product in a growing market with an 8% Cap rate. Recently renovated with HD Vinyl wood flooring throughout all living areas, tile in kitchen & baths, and granite counters. Only 7 minutes to Saint Leo University, 1 mile to vibrant downtown Dade City, and with dependable long-term Tenants. By 2020-end all units will be at full market rent, creating an exceptionally strong income stream. Property consists of twenty (20) 2 bedroom townhomes with 896sf and 1-1/2 baths, (1) 1 bedroom townhome with 672sf and 1 bath. There is an updated separate laundry facility on 1st floor. Well maintained, with white vinyl fencing throughout and a large open parking lot. Recently installed commercial play structure supplies a sense of community for the residents. Individually metered for water/sewer/electric, concrete block construction and new roof are just a few of the Value-Add items increasing the value to the investment. Current owner is willing to continue managing the complex making for an easy transition to new Owners. Current 2020 Pro Forma available to qualified parties. Property located in Dade City, within Pasco County.
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