Here is a rare opportunity to own a turnkey, income producing 6 acre property in the heart of booming Wesley Chapel. Perfect for investors, multi generational living, or land bankers, this fully fenced estate offers two leased residences have generated a combined $5,600 each month ($67,200 annually) in gross rental income, with additional subdivision potential already discussed with Pasco County. Preliminary meetings indicate the property could be divided into SIX 1+acre parcels, creating future development or resale opportunities. The main residence is a 1,574 sq ft 3 bedroom, 2 bath Jacobson manufactured home featuring a new roof, newer flooring, a large master suite with spa like bath, a mudroom/laundry area, recent tile upgrades, and a brand new concrete patio replacing the previous deck. The guest house is a 1,650 sq ft 2 bedroom, 1.5 bath concrete block home with an updated kitchen and baths, newer roof and HVAC. Additional improvements on the property include a functional 3 stall barn (48x48) with 12x12 stalls, a concrete floored feed/tack room, wash bay slab, run in areas for horses and goats, multiple fenced pastures, and high and dry paddocks for rotating stock. A detached 3 car garage offers excellent space for vehicles, equipment, or workshop use, while a 17x30 storage shed and RV carport with slab provide additional utility. The property is gated, has two wells, and enjoys creek frontage at the rear. Located less than five minutes from I 75, this property provides the perfect blend of country privacy and convenience, central to Wesley Chapels shopping, dining, healthcare, and just 20 minutes to South Tampa or north to Brooksville. With this cap rate at this asking price, this is a truly unique offering for investors seeking cash flow, land value, and future development upside in one of Pasco Countys fastest growing areas. Shown by appointment only please do not disturb tenants.
Legal Description: COM AT NE COR OF SEC TH S88DEG 25' 08"W 118.17 FT ALG N BDY OF SEC TH S89DEG 55'26"W 1177.52 FT FOR POB TH S00DEG 13' 34"W 888.43 FT TH N66DEG 49' 26"W 347.50 FT TH N00DEG 13' 34"E 751.29 FT TH N89DEG 55' 26"E 320 FT TO POB; TOGETHER WITH & SUBJECT T O EASEMENT FOR INGRESS & EGRESS
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.