Residential Property - Single Family Residence in Lutz
Listing Price: $995,405 (Mortgage Calculator →)
Description of Property
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.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Lutz
County: Pasco
Subdivision: Lake Como Homesites
Bedrooms: 2
Bathrooms: 1
Sq. Ft. Gross: 912
Sq. Ft. Living Area: 912
Cost per (heated) sqare foot: $1,091
Year built: 1960
Annual Tax: $1,946
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Flooring: Tile
Pool & Waterfront Info
Private Pool: Not specified
Water Access: Yes
Water Access Type: Lake
Water Name: MOSS LAKE
Exterior & Construction
Construction: Vinyl Siding
Foundation: Slab
Roof: Shingle
Exterior Features: Other
Carport: Yes
Carport Spaces: 2
Parking Features: Covered
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Heat Pump
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Septic Tank
Water Source: Well
Lot Information
Lot Size (acres): 5.5
Lot Size (sq. ft.): 19,200 square feet
Front Exposure: East
Additional Parcels: Yes
Additional Parcels Description: 35-26-18-0020-0050-0030, 35-26-18-0020-0050-0012, 35-26-18-0020-00500-001A
Legal Description & Other Information
Financing Available: Special Funding
Parcel Number: 182635002.0005.00002.0
Zoning: MULTIFAM
Tax Legal Desc.: LAKE COMO HOMESITES PB 3 PG 130 TRACT 5A DESC AS: EAST 160 FT OF WEST 640 FT OF NORTH 120 FT OF TRACT 5; TOGETHER WITH EASEMENT FOR INGRESS & EGRESS EASEMENT OVER & ACROSS SOUTH 44.30 FT OF EAST 160 FT OF WEST 640 FT
Section: 35
Range: 18E
Listing courtesy of AXEN REALTY, LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.