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Lutz,FL 33558
Key Details
Property Type Vacant Land
Sub Type Unimproved
Listing Status Active
Purchase Type For Sale
Subdivision Lake Como Homesites
MLS Listing ID W7879089
HOA Y/N No
Annual Tax Amount $301
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 166'X145'
Property Sub-Type Unimproved
Source Stellar MLS
Property Description
Rare multifamily investment on Moss Lake totaling approximately 5.5 acres across four contiguous parcels within Lake Como Homesites (PB 3, PG 130). All parcels are zoned multifamily (MF1), a rare designation in Pasco County, and include deeded access to Moss Lake with a boathouse, dock, and fishing pier.
Two parcels are vacant and buildable. One parcel includes a single family home with a long term tenant currently paying below market rent. The lakefront parcel of approximately 2.25 acres is improved with a duplex consisting of an upstairs two bedroom one bath unit and a downstairs one bedroom one bath unit. Both units are occupied by long term tenants on month to month leases, also paying below market rents, creating immediate upside potential for a new owner.
Survey highlights confirm a total of 5.5 acres across all parcels with ingress and egress easement access recorded at 44.3 feet across parcel 0020. FEMA mapping places the property in Flood Zone X, minimizing flood risk and removing mandatory flood insurance requirements. Property addresses include 20105, 20125, and 20135 Green Grass Lane, Lutz, Florida 33558.
This property offers immediate cash flow from existing tenants along with the ability to expand with additional duplexes, quads, or multifamily structures, making it one of Pasco County's most versatile investment opportunities.
Financing options: Investor financing may be available through conventional investment property loans, DSCR products, or portfolio lending. All financing is subject to buyer qualification and lender approval. For details on available lending options, please contact Joe Spellman, Nexa Mortgage, NMLS#2142845
Location
State FL
County Pasco
Community Lake Como Homesites
Area 33558 - Lutz
Zoning R1
Exterior
Utilities Available Electrical Nearby,Water Nearby
Water Access Yes
Water Access Desc Lake
View Trees/Woods
Building
Lot Size Range 1/2 to less than 1
Sewer Septic Needed
Water Well Required
Others
Ownership Fee Simple
Acceptable Financing Cash,Conventional,Other,Special Funding
Listing Terms Cash,Conventional,Other,Special Funding
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/W7879089