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609 Palm Drive North

Plant City FL 33563

3
2
1063 sq. ft.
6875 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Property can be sold as a package or individually. This package is 23 Single Family rentals all managed by Plant City Rentals. 15 of the homes are on Month to Month leases in anticipation of sale and rent increase. 3 additional leases expire in the next 4 months, 3 leases expire early 2023. Currently, rents are well undervalued and could go substantially to market demands. For easy management, all properties are contently located in the city limits of downtown Plant City. All properties are on City water/sewer, no HOA?s, CDD?s or special assessments. Plant City, one of Tampa Bays hottest markets, is currently seeing a 2% rise in value monthly. This package includes 5- 2 bed/ 1 baths, 5- 3 bed/ 1 baths, 6- 3 bed/ 2 baths, 1-2 bed/ 2 baths, 1-4 bed/2.5baths, 1- 4 bed/1.5 baths. Currently generating a Gross of $373,500.00 yearly, NOI of $277,302.44 yearly & a 4.6% CAP Rate.

Features

3 bedrooms
2 bathrooms
1063 sq. ft. floor area
6875 sq. ft. lot size
Single-Family

Happy sellers in Plant City

95%
95% of sellers in Plant City reported that their sale price either exceeded or met their price expectations.

Plant City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Plant City over the last 12 months.

Local market activity for 3 bedroom single-family properties in Plant City

In the last 12 months, 119 three-bedroom single-family properties similar to 609 Palm Drive North, have been sold.

This represents a 29% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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