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 Countys 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
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 Countys 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
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Awning(s)
Flooring: Laminate, Tile
Living Area: 3169.00
Other Structures: Additional Single Family Home, Boat House, Other
Roof: Shingle
Land Information
Lot Features: Cleared, Irregular Lot, Private
Garage and Parking
Garage Spaces: 2.00
Open Parking Spaces: 0.00
Parking Features: Curb Parking
Eco-Communities
Water Source: Well
Utilities
Carport Spaces: 0.00
Cooling: Wall/Window Unit(s)
Heating: Heat Pump
Sewer: Septic Tank
Utilities: Electricity Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Cooktop, Range Hood, Refrigerator
Country: US
Interior Features: High Ceilings
Legal Description: LAKE COMO HOMESITES PB 3 PG 130 TRACT 5 EXC WEST 640 FT THEREOF
Welcome to 16637 Ashton Green Drive a rare opportunity to own an extraordinary estate in the highly sought after gated community of Orange Blossom Creek in Lutz, Florida. Now featuring a brand new ro
Reduced price. We are pleased to present this stunning, 2015 built, 3 bedrooms, a study and plus bonus room, 3 1/2 bath, 3,634 sq. Ft. Home in cheval! This model like property features a light and bri
Welcome to 16637 Ashton Green Drive a rare opportunity to own an extraordinary estate in the highly sought after gated community of Orange Blossom Creek in Lutz, Florida. Now featuring a brand new ro
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