3-Unit Triplex with Detached
New
For Sale
$449,990
37250 FLORIDA AVE, Dade City, FL 33525
Three recently renovated apartments offer individual laundry hookups alongside updated electrical and plumbing systems.
Property Size2,220 SF
Days on Market5
Property Features for 37250 FLORIDA AVE
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Half Duplex
Taxes and HOA fees
Annual Taxes
$3,717
Building Details
Building Size
2,220 SF
Year Built
1955
Listing Agency:
AMETHYST PROPERTY ADVISORS LLC
Listed By:
Viral Doshi · License #3432161
(954) 842-8683
Source:
Kingofrealestate
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 12:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AMETHYST PROPERTY ADVISORS LLC
Investment Insights
Based on property information with market context.
This 2,220-square-foot triplex contains three renovated apartments: two with two bedrooms and one bathroom each, plus a one-bedroom, one-bathroom unit. Each apartment has in-unit laundry hookups. A detached garage provides additional on-site space. Improvements include a roof replacement in 2024, newer AC units, and updated electrical and plumbing systems.
The rental arrangements include one unit leased through 12/01/2026, another occupied month-to-month, and the third leased through 02/01/2027. The property was built in 1955.
The rental arrangements include one unit leased through 12/01/2026, another occupied month-to-month, and the third leased through 02/01/2027. The property was built in 1955.
Key Highlights
- Three units: two 2‑bedroom, 1‑bathroom apartments and one 1‑bedroom, 1‑bathroom apartment
- 2,220 square feet; built in 1955
- Detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,913
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,260
$518.3K
Cap Rate 7%
$370,186
$370.2K
Cap Rate 9%
$287,922
$287.9K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$39.7K $17.88/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$37.0K $16.67/SF
− OpEx
−$11.1K −$5.00/SF
NOI
$25.9K $11.67/SF
Area
Pasco County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,260
Cap Rate 7%
$370,186
Cap Rate 9%
$287,922
Alternative Uses
Best Use
Multifamily LT 5
$370.2K
$323.9K – $431.9K
NOI $25,913 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,418 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$505.7K
$442.5K – $590.0K
NOI $35,399 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 33525, FL
18,620
Population
8,700
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
90%
High-School Grad
96.0 sq mi
ZIP Area
194
Density / Sq Mi
$69,697
Median Household Income
$42,178
Median Earnings
$1,045
Median Rent
$228,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three recently renovated apartments offer individual laundry hookups alongside updated electrical and plumbing systems.
Where is this triplex located?
The property is located at 37250 FLORIDA AVE Dade City, FL.
What is the asking price?
The asking price for this property is $449,990.
What are key features of this property?
This property features: Three units: two 2‑bedroom, 1‑bathroom apartments and one 1‑bedroom, 1‑bathroom apartment; 2,220 square feet; built in 1955; Detached garage
