37623 Camphor Dr - Apartments FOR SALE


Dade City, FL 33525
$895,000 USD
813-713-3974
37623 Camphor Dr, Dade City, FL for Sale
$895,000 USD
Apartments - FOR SALE
1/10
null | 7.09% Cap Rate

37623 Camphor Dr
Dade City, FL 33525


HIGHLIGHTS

  • Two Triplex Buildings
  • Six Units (2 beds, 1 bath)
  • Park-like Setting
  • Close to downtown

OVERVIEW

Located just a short walk from the heart of historic Downtown Dade City, this well-maintained multifamily investment presents a rare opportunity to acquire a six-unit apartment community in one of Pasco County's most desirable and supply-constrained rental markets. The property consists of two triplex buildings, each thoughtfully designed with spacious two-bedroom, one-bathroom residences that appeal to a broad tenant base. The community offers an attractive residential environment featuring a park-like setting enhanced by towering, mature oak trees, established landscaping, inviting courtyards, and private front porches that create a neighborhood feel seldom found in today's apartment developments. A private street provides convenient access while enhancing the property's quiet, secluded atmosphere. Each apartment is individually metered for electricity and features central heating and air conditioning, generously sized bedrooms, functional floor plans, and abundant natural light. An on-site laundry facility provides an additional convenience for residents while minimizing owner maintenance responsibilities. From an investment perspective, the property offers a compelling value-add opportunity. Current rental rates are below prevailing market levels, providing investors the ability to increase cash flow through strategic rent adjustments while benefiting from the property's desirable location and strong rental demand. Positioned within walking distance of Downtown Dade City's restaurants, shops, parks, and community events, and offering convenient access to major transportation corridors throughout Pasco County, this property combines stable in-place income with meaningful upside potential. Opportunities to acquire boutique multifamily assets of this quality and character in Downtown Dade City remain exceptionally limited, making this an attractive investment for both private investors and long-term multifamily owners.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,167

CAP RATE

7.09%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DC Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

R3

APN/PARCEL ID

34-24-21-0220-00500-0040

ASK ABOUT THIS PROPERTY

Will Bingham CCIMBingham Commercial Real EstateMore Info
813-713-3974

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Will Bingham CCIMBingham Commercial Real EstateMore Info
813-713-3974

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.