Vacant Duplex with 2018
For Sale
$136,000
4965 STEEL DUST LANE, Lutz, FL 33559
Vacant duplex with a newer roof, central air, connected utilities, and no HOA fees.
Property Size1,311 SF
Days on Market250
Property Features for 4965 STEEL DUST LANE
General Information
Standard status
Active
Size
1,311 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Amenities
Cable Ready
Central
Central Air
Cable Available, Electricity Connected, Public, Water Connected, Shingle
Building Details
Building Size
1,311 SF
Year Built
1974
Buildings
1
Listing Agency:
eXp Realty LLC
Listed By:
Patricia Birkenshaw · License #SL3381860
(727) 686-6047
Source:
Kw
Added: Feb 6
Changed: Oct 13
Last Checked: Oct 12 at 5:40PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This vacant duplex property includes 3 bedrooms and 1.5 bathrooms, with central heating and central air conditioning. The shingle roof was installed in 2018, and the property has connected electricity and public water service. Cable is available and ready for connection.
Located at 4965 Steel Dust Lane in Lutz, the property is positioned within the Lutz/Wesley Chapel corridor. It is designated as being in an X flood zone and carries no HOA fees. The home is available for showings seven days a week and is currently unoccupied, allowing straightforward access for evaluation.
Located at 4965 Steel Dust Lane in Lutz, the property is positioned within the Lutz/Wesley Chapel corridor. It is designated as being in an X flood zone and carries no HOA fees. The home is available for showings seven days a week and is currently unoccupied, allowing straightforward access for evaluation.
Key Highlights
- 3‑bedroom, 1.5‑bathroom duplex property
- Vacant and available for showings 7 days a week
- 2018 shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,057
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,140
$241.1K
Cap Rate 7%
$172,243
$172.2K
Cap Rate 9%
$133,967
$134.0K
Market Conditions
NOI Build-Up for 1,311 SF
Gross rent
$23.6K $18.00/SF
− Vacancy
−$1.7K −$1.28/SF
EGI
$21.9K $16.72/SF
− OpEx
−$9.9K −$7.52/SF
NOI
$12.1K $9.20/SF
Area
Hillsborough 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%
$241,140
Cap Rate 7%
$172,243
Cap Rate 9%
$133,967
Alternative Uses
Best Use
Multifamily LT 5
$218.6K
$191.3K – $255.1K
NOI $15,303 @ 7.0% cap · market cap 11.25%
Second Best
Apartment 5plus
$172.2K
$150.7K – $201.0K
NOI $12,057 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$379.7K
$332.2K – $443.0K
NOI $26,577 @ 7.0% cap · market cap 19.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 33559, FL
16,675
Population
7,322
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
93%
High-School Grad
11.9 sq mi
ZIP Area
1,401
Density / Sq Mi
$78,264
Median Household Income
$37,802
Median Earnings
$1,421
Median Rent
$343,700
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?
Duplex - Vacant duplex with a newer roof, central air, connected utilities, and no HOA fees.
Where is this duplex located?
The property is located at 4965 STEEL DUST LANE Lutz, FL.
What is the asking price?
The asking price for this property is $136,000.
What are key features of this property?
This property features: 3‑bedroom, 1.5‑bathroom duplex property; Vacant and available for showings 7 days a week; 2018 shingle roof
