Six-Unit Multifamily
For Sale
$679,000
Pending
912 PEARL MARY CIR, Plant City, FL 33566
All six rental units have tenants and active leases, with parking provided for residents.
Property Size3,416 SF
Days on Market128
Property Features for 912 PEARL MARY CIR
General Information
Standard status
Pending
Size
3,416 SF
Property subtype
Multi-Family 5+
Additional Details
Highway Access
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$10,407
Building Details
Building Size
3,416 SF
Year Built
1956
Buildings
4
Listing Agency:
FLORIDA REALTY INVESTMENTS
Listed By:
Terry Sobzak · License #3146468
(813) 760-9573
Source:
Judibeck
Added: Jun 9
Changed: Oct 11
Last Checked: Oct 12 at 11:41PM
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 FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
This 3416-square-foot multifamily property combines two duplexes, one apartment, and one house for a total of six rental units. Residents are in place across the property, and each unit has an active lease. The units are described as being in good condition and maintained, with parking available for residents.
The property is located at 912 Pearl Mary Cir in Plant City, Florida, with access to I-4 and Hwy 92. Its mix of residential structures provides six separate rental units within one multifamily holding.
The property is located at 912 Pearl Mary Cir in Plant City, Florida, with access to I-4 and Hwy 92. Its mix of residential structures provides six separate rental units within one multifamily holding.
Key Highlights
- Six total rental units across two duplexes, one apartment, and one house
- 3416 square feet of multifamily property
- Tenants are in place across all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,873
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,460
$797.5K
Cap Rate 7%
$569,614
$569.6K
Cap Rate 9%
$443,033
$443.0K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$61.1K $17.88/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$57.0K $16.67/SF
− OpEx
−$17.1K −$5.00/SF
NOI
$39.9K $11.67/SF
Area
Hillsborough 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%
$797,460
Cap Rate 7%
$569,614
Cap Rate 9%
$443,033
Alternative Uses
Best Use
Multifamily LT 5
$569.6K
$498.4K – $664.6K
NOI $39,873 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,417 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$989.3K
$865.6K – $1.15M
NOI $69,251 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 33566, FL
22,759
Population
8,224
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
23.7 sq mi
ZIP Area
960
Density / Sq Mi
$71,161
Median Household Income
$36,916
Median Earnings
$1,333
Median Rent
$290,600
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 - All six rental units have tenants and active leases, with parking provided for residents.
Where is this multifamily property located?
The property is located at 912 PEARL MARY CIR Plant City, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Six total rental units across two duplexes, one apartment, and one house; 3416 square feet of multifamily property; Tenants are in place across all units
