$849,999

Description

Here is a rare opportunity to own a turnkey, income-producing 6-acre property in the heart of booming Wesley Chapel. Perfect for investors, multi-generational living, or land bankers, this fully-fenced estate offers two leased residences have generated a combined $5,600 each month ($67,200 annually) in gross rental income, with additional subdivision potential already discussed with Pasco County. Preliminary meetings indicate the property could be divided into SIX 1+acre parcels, creating future development or resale opportunities. The main residence is a 1,574 sq ft 3-bedroom, 2-bath Jacobson manufactured home featuring a new roof, newer flooring, a large master suite with spa-like bath, a mudroom/laundry area, recent tile upgrades, and a brand new concrete patio replacing the previous deck. The guest house is a 1,650 sq ft 2-bedroom, 1.5-bath concrete block home with an updated kitchen and baths, newer roof and HVAC. Additional improvements on the property include a functional 3-stall barn (48x48) with 12x12 stalls, a concrete-floored feed/tack room, wash bay slab, run-in areas for horses and goats, multiple fenced pastures, and high-and-dry paddocks for rotating stock. A detached 3-car garage offers excellent space for vehicles, equipment, or workshop use, while a 17x30 storage shed and RV carport with slab provide additional utility. The property is gated, has two wells, and enjoys creek frontage at the rear. Located less than five minutes from I-75, this property provides the perfect blend of country privacy and convenience, central to Wesley Chapel’s shopping, dining, healthcare, and just 20 minutes to South Tampa or north to Brooksville. With this cap rate at this asking price, this is a truly unique offering for investors seeking cash flow, land value, and future development upside in one of Pasco County’s fastest-growing areas. Shown by appointment only – please do not disturb tenants.