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4142 My Lady Ln
Land O' Lakes, FL 34638
Drexel Court Apartments · Multifamily Property For Sale
·
47 Units
Investment Highlights
- Late 1980's Vintage, Concrete Block Construction and Consistently Full with a Waiting List
- Huge Value-Add Opportunity as only 7 of 47 Units have been Rehabbed
- Most Recent 3 Leases Signed at 15.7% Increases
- Highly Desirable Unit Mix of Nearly 80% Two-Bedroom One-Bath Units
- Current Average Rents are 25% Below Market
- Centrally Located in a Rapidly Growing Area of Pasco County and Equidistant Between the Veterans Expressway to the West and I-75 to the East
Property Facts
| No. Units | 47 | Building Size | 39,455 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1988/1990 |
| Building Class | C | Parking Ratio | 1.09/1,000 SF |
| Lot Size | 3.03 AC | ||
| Zoning | MF2 - Multi-Family Residential | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.03 AC |
| Building Size | 39,455 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1988/1990 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | MF2 - Multi-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Concierge
- Laundry Facilities
- Picnic Area
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 37 | - | - |
Property Taxes
| Parcel Number | 13-26-18-0000-04300-0010 | Improvements Assessment | $3,625,358 |
| Land Assessment | $1,034,000 | Total Assessment | $4,659,358 |
Property Taxes
Parcel Number
13-26-18-0000-04300-0010
Land Assessment
$1,034,000
Improvements Assessment
$3,625,358
Total Assessment
$4,659,358
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