8 quality units in the heart of Pace and located just a half mile north of the popular and growing 5 points intersection where youll find the new Starbucks and Publix! All units are 2 bedroom / 1 bath and have: central heat & air, open living room and kitchen layout with washer dryer connections in the unit and a private patio plus a dedicated storage room outside the unit. The current gross rent is $8400 per month but with the 3 most recent vacant units renting for $1250 per month there is room to increase revenue. 4 Units have been totally remodeled and rent has been increased but the other 4 units offer opportunities to increase your return through value add improvements and higher rent. Conveniently, all leases under $1150 are month to month and all leases at $1150 and up are locked into a lease up to 1 year. The property has been well kept and the current owners have made over $75k in capital improvements(Interior renovation, fences, paved parking area, new windows in 2 units) in the last few years. Each unit is separately metered and the tenants pay their own utilities. The owner pays the electric bill for the lift station and splits the bill for the dumpster with the neighboring property. Lodging Cir is a small private circle drive community made up of 4 quadplexes with trees surrounding the neighborhood and a large area of green grass in the center. The current offering of 3378 & 3386 Lodging Cir sit next door to each other. Both buildings received a new roof in 2021. This is the ideal rental, it makes good money today but still offers lots of upside for the new owner!
Property Details
Property Features
Property Information:
Year Built: 1984
Stories: 1
Living Area: 6,144 SqFt
Listing Office:
Office Name: KELLER WILLIAMS REALTY GULF COAST
Office Phone: (850) 471-5000
Listing Agent: Matthew Jones
Interior Features
Interior Information:
Appliances: Electric Water Heater, Dishwasher, Refrigerator
Flooring Type: Tile
Bedroom and Bathroom Information:
Full Bathrooms: 8
Total Bedroom Count: 16
Exterior Features
Parking Information:
Parking: 2 Space/Unit
Lot Features
Lot Information:
Lot: Corner Lot, Interior Lot
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Heading North on Chumuckla Hwy, the turn in is on your left approximately .4 miles north of 5 points and immediately south of Tunnel Rd.
Price Information
Listing Price Info
Price Summary:
List Price: $1,100,000
Price Per SqFt: $179/SqFt
Tax Information:
Annual Amount: $1,418
Tax Year: 2020
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
S. S. Dixon Intermediate School
5540 Education Dr
Distance between this listing and this school1.18 miles
Public District Grades 3-5
6
/10
Berryhill Elementary School
4900 Berryhill Rd
Distance between this listing and this school3.87 miles
Public District Grades PK-5
5
/10
Pea Ridge Elementary School
4775 School Ln
Distance between this listing and this school4.95 miles
Public District Grades PK-5
Nearby Schools
7
/10
Thomas L. Sims Middle School
5500 Education Dr
Distance between this listing and this school1.20 miles
Public District Grades 6-8
4
/10
Hobbs Middle School
5317 Glover Ln
Distance between this listing and this school7.07 miles
Public District Grades 6-8
6
/10
Avalon Middle School
5445 King Arthurs Way
Distance between this listing and this school7.32 miles
Public District Grades 6-8
Nearby Schools
5
/10
Pace High School
4065 Norris Rd
Distance between this listing and this school2.91 miles
Public District Grades 9-12
8
/10
Santa Rosa Virtual Franchise
5330 Berryhill Rd
Distance between this listing and this school4.89 miles
Public District Grades 1-12
3
/10
Santa Rosa Adult School
5332 Berryhill Rd
Distance between this listing and this school4.92 miles
The neighbors living near this home have an average income of $86,700. The most common annual income of people living in Pace, FL is between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3378 Lodging Cir
What is the listing price of this property?
The listing price of 3378 Lodging Cir property is $1,100,000.
What type of property is this?
The property 3378 Lodging Cir is a condo located in Pace, Florida, 32571.
Is this property for sale now?
Accepting Backup Offers: 3378 Lodging Cir is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,418 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 9, 2021 for $321,550. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 3378 Lodging Cir has 16 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 3378 Lodging Cir is 6,144 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3378 Lodging Cir is 1984.
This home is located at 3378 Lodging Cir in Pace, FL and zip code 32571. This 6,144 square foot home was built in 1984. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $1,100,000.
In November 2024, from all listings sold in Pace, FL there were more than 7 sold above asking price, over 27 sold below and more than 13 were sold right at the asked price. In November 2024 in Pace, FL there were 0.7% less homes for sale than in October 2024. While the average time on the market in November 2024 was 60 days, the median list price was $333,982.
From Rocket Homes Real Estate and based on county public records data.