Dade City Multifamily for Sale - Hernando County
Residential / Ag Property, suited for equestrian, or business / Agriculture / or small AG or construction yard complete with residences.
Currently 2 of the homes are occupied with rental income of $2350 per month. There are 2 additional homes needing repairs on the property which may be replaced, used as barns, converted to shops, etc.
This is a "For Sale By Owner" - Investor Opportunity – 5-Acre Property with 4 Existing Mobile Homes - at Wholesale Price Listing (as is)
May be re-platted, re-zoned, and split, or keep as is a rental income property, and could be used as agriculture business, equine facility, or small construction business yard, equipment yard, and comes with 4 mobile homes. Each home has its own utility pole & meter, and each has its own septic system. Water is supplied to all units from 2 redundant wells. With full occupancy the property generated monthly gross rents of $4,200 per month in 2024. The annual expenses are taxes ($5,477/year may be adjusted lower through Tax Collector) and trash service ($600/year) are the landlord / owner's responsibility (tenants cover all utilities) affording a net income of $44,323 annually. Recent repairs included new roofs in May 2025, and additional remodeling & repairs and cleanup overall. Two of the homes which are currently unoccupied, include a double wide and a small single wide. The 2 remodeled and updated homes are occupied as rentals, providing the current income. The property is being offered AS IS prior to any additional repairs or improvements, presenting a compelling value-add opportunity. Once more renovations or home replacements are completed and homes are re-leased, the property would easily continue to resume its $50,400 annual income at 2024 rents rates. Rents can be increased to meet current market demand. Contact owner directly at 916-813-5369.