UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 784 sqft
Price per Sqft $255
Subdivision East Lake Park
MLS Listing ID L4953809
Bedrooms 3
Full Baths 1
Construction Status Completed
HOA Y/N No
Year Built 1962
Annual Tax Amount $1,347
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
For the investor seeking immediate cash flow and a turn-key property, look no further! This recently renovated 3-bedroom, 1-bathroom home at 14002 Morgan St in Dade City, FL, presents an exceptional opportunity to expand your portfolio.
Key Features:
Tenant Occupied until May 2026: Enjoy instant rental income from day one. The current lease is in place, providing a stable revenue stream and removing the hassle of finding new tenants immediately.
Recently Renovated: This home boasts fresh updates throughout, minimizing the need for immediate capital expenditures. Move-in ready for future tenants. Includes stainless steel appliances (refrigerator with freezer, stove with oven)
3 Bedrooms, 1 Bathroom: A highly desirable configuration for families and individuals, ensuring consistent rental demand.
Prime Dade City Location: Situated in a growing area, this property benefits from Dade City's increasing appeal. The median sold price in Dade City was $349,978 in May 2025, showing a positive trend.
Excellent Investment Potential: With a strong existing lease and recent renovations, this property offers a solid return on investment and potential for future appreciation in the thriving Dade City market.
Owning a tenant-occupied property in Florida offers numerous advantages, including:
Immediate Cash Flow: Begin generating income from the moment you close.
Reduced Vacancy Risk: No need to market the property or undergo tenant screening processes, as a reliable tenant is already in place.
Future Appreciation: Dade City's real estate market continues to show growth, offering the potential for increased property value over time.
Important Note for Buyers: As this property is tenant-occupied, the existing lease will transfer to the new owner. Florida law requires the new landlord to honor the terms of the current lease until its expiration in May 2026. This means the buyer will assume the role of landlord upon closing.
Don't miss out on this fantastic opportunity to acquire a well-maintained, income-generating asset in Dade City. Contact us today for more information and to discuss viewing options, respecting tenant privacy.
Location
State FL
County Pasco
Community East Lake Park
Area 33525 - Dade City/Richland
Zoning RS3
Interior
Interior Features Ceiling Fans(s), Thermostat
Heating Central, Electric
Cooling Central Air
Flooring Luxury Vinyl
Fireplace false
Appliance Electric Water Heater, Refrigerator
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Lighting, Private Mailbox
Fence Fenced
Utilities Available Public
View Trees/Woods, Water
Roof Type Metal
Porch Front Porch
Garage false
Private Pool No
Building
Lot Description Level
Story 1
Entry Level One
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Completed
Schools
Elementary Schools Pasco Elementary School-Po
Middle Schools Centennial Middle-Po
High Schools Pasco High-Po
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4953809
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