Six-Unit Apartment
For Sale
$850,000
37701 CAMPHOR DRIVE, Dade City, FL 33525
Two triplex structures provide individually metered residences, central HVAC, private porches, courtyards, and on-site laundry.
Property Size5,000 SF
Price / SF$170
Days on Market53
Property Features for 37701 CAMPHOR DRIVE
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Triplex
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Road Access
Yes
Amenities
on-site laundry facility
Building Details
Year Built
1973
Buildings
2
Listing Agency:
BINGHAM REALTY INC
(813) 788-2759
Listed By:
William Bingham · License #3054155
(813) 713-3974
Source:
Endlesssummerrealty
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 15 at 12:18AM
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 BINGHAM REALTY INC
Investment Insights
Based on property information with market context.
This multifamily property includes two triplex buildings with six two-bedroom, one-bath residences totaling 5,000 square feet. Built in 1973, the community offers central heating and air conditioning, individually metered electricity, spacious bedrooms, functional layouts, and natural light. An on-site laundry facility serves residents, while private front porches, courtyards, mature oak trees, and established landscaping contribute to the property's residential character. A private street provides internal access to the buildings.
The property is located at 37701 Camphor Drive in Dade City, within walking distance of historic Downtown Dade City. Restaurants, shops, parks, and community events are nearby, with access to major transportation corridors throughout Pasco County. Current rental rates are below prevailing market levels, creating an opportunity for rent adjustments while maintaining existing in-place income.
The property is located at 37701 Camphor Drive in Dade City, within walking distance of historic Downtown Dade City. Restaurants, shops, parks, and community events are nearby, with access to major transportation corridors throughout Pasco County. Current rental rates are below prevailing market levels, creating an opportunity for rent adjustments while maintaining existing in-place income.
Key Highlights
- Six units arranged across two triplex buildings
- Each residence includes 2 bedrooms and 1 bathroom
- 5,000 square feet; built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,986
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,720
$919.7K
Cap Rate 7%
$656,943
$656.9K
Cap Rate 9%
$510,956
$511.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$6.4K −$1.28/SF
EGI
$83.6K $16.72/SF
− OpEx
−$37.6K −$7.52/SF
NOI
$46.0K $9.20/SF
Area
Pasco County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,720
Cap Rate 7%
$656,943
Cap Rate 9%
$510,956
Alternative Uses
Best Use
Apartment 5plus
$656.9K
$574.8K – $766.4K
NOI $45,986 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.6K – $1.33M
NOI $79,728 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
342
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two triplex structures provide individually metered residences, central HVAC, private porches, courtyards, and on-site laundry.
Where is this apartment building located?
The property is located at 37701 CAMPHOR DRIVE Dade City, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Six units arranged across two triplex buildings; Each residence includes 2 bedrooms and 1 bathroom; 5,000 square feet; built in 1973
