Land - Real Estate in Lutz
Listing Price: $995,405
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: Land
City: Lutz
County: Pasco
Subdivision: Lake Como Homesites
Annual Tax: $301
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Water Access: Yes
Water Access Type: Lake
Water Name: MOSS LAKE
Utilities: Water Nearby
Sewer: Septic Needed
Water Source: Well Required
Lot Information
Lot Size (acres): 0.55
Lot Size (sq. ft.): 23,906 square feet
Lot Dimensions: 166' x 145'
Additional Parcels: Yes
Additional Parcels Description: 35-26-18-0020-0050-0012, 35-26-18-0020-00500-0020,35-26-18-0020-00500-001A
Legal Description & Other Information
Financing Available: Special Funding
Parcel Number: 352618002000500030
Zoning: R1
Tax Legal Desc.: LAKE COMO HOMESITES PB 3 PG 130 THE WEST 145.00 FT OF EAST 305.00 FT OF WEST 640.00 FT PF TRACT 5 TJE SOUTH 30.0 FT THEREOF RESERVED FOR INGRESS & EGRESS
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.
