Income-Producing Zephyrhills
For Sale
$380,000
38313 TUCKER Rd, Zephyrhills, FL 33542
Well-maintained property with three units near shopping and dining.
Property Size1,924 SF
Days on Market199
Property Features for 38313 TUCKER Rd
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Investment
Lease Term
12 months
Taxes and HOA fees
Annual Taxes
$2,613
Building Details
Building Size
1,924 SF
Year Built
1969
Listing Agency:
DENNIS REALTY & INV. CORP.
Listed By:
Cynthia Stratton · License #701742
(813) 300-9511
Source:
Elliman
Added: Mar 29
Changed: Oct 11
Last Checked: Oct 12 at 8:27PM
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 DENNIS REALTY & INV. CORP.
Investment Insights
Based on property information with market context.
Located at 38313 Tucker Rd in Zephyrhills, this income-producing property features three units: a duplex and a separate mobile home. Unit 1 is a 1-bedroom, 1-bathroom duplex unit with tile flooring, an updated kitchen with stainless steel refrigerator, white shaker cabinetry, granite countertops, tile backsplash, and a flat-top range. The bathroom also has granite finishes. Two window A/C units provide cooling. Unit 2 is a 2-bedroom, 1-bathroom unit with a flex office space. It features fresh interior paint, a mix of laminate and tile flooring, an upgraded kitchen with tile backsplash, and central A/C. This unit also includes access to a private storage shed. The mobile home unit has 2 bedrooms and 1 bathroom, featuring a bright, open living area, laminate flooring, and a functional kitchen with ample cabinetry. It is equipped with a wall A/C unit and mini-split system, plus garage access for additional storage. The property is fully fenced and offers ample on-site parking in a quiet residential setting. It is located minutes from shopping, dining, medical facilities, and Zephyr Park, with access to Gall Blvd, SR-54, and US-301. Owner covers well electricity, lawn care, and trash service; tenants pay their own electric.
Key Highlights
- Income‑producing property featuring three separate units (duplex and mobile home).
- Updated kitchens in Units 1 & 2 boast stainless steel appliances, granite countertops, and tile backsplash.
- Unit 2 offers central A/C, fresh paint, and a flex office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,458
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,160
$449.2K
Cap Rate 7%
$320,829
$320.8K
Cap Rate 9%
$249,533
$249.5K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$34.4K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$32.1K $16.67/SF
− OpEx
−$9.6K −$5.00/SF
NOI
$22.5K $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%
$449,160
Cap Rate 7%
$320,829
Cap Rate 9%
$249,533
Alternative Uses
Best Use
Multifamily LT 5
$320.8K
$280.7K – $374.3K
NOI $22,458 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$252.8K
$221.2K – $294.9K
NOI $17,695 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$438.3K
$383.5K – $511.3K
NOI $30,679 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 33542, FL
22,649
Population
13,600
Households
1.7
Avg Household Size
54
Median Age
16%
College-Educated
89%
High-School Grad
10.4 sq mi
ZIP Area
2,178
Density / Sq Mi
$49,011
Median Household Income
$34,267
Median Earnings
$1,049
Median Rent
$129,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Well-maintained property with three units near shopping and dining.
Where is this multifamily property located?
The property is located at 38313 TUCKER Rd Zephyrhills, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Income‑producing property featuring three separate units (duplex and mobile home).; Updated kitchens in Units 1 & 2 boast stainless steel appliances, granite countertops, and tile backsplash.; Unit 2 offers central A/C, fresh paint, and a flex office space.
