$995,405 for Sale
na , lutz, FL 33558
Property Description
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. For details on available lending options, please contact Joe Spellman, Nexa Mortgage, NMLS#2142845
Waterfront
General Information
Sale Price: $995,405
Price/SqFt:
Status: Active
MLS#: W7879089
City: lutz
Post Office: lutz
County: Pasco
Subdivision: lake como homesites
Acres: 0.55
Lot Dimensions: 166' x 145'
Size:
Acreage: 0.55 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes: $301
Legal Description: 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
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Jenn Ott of AXEN REALTY, LLC, Phone: 480-399-1218
