$995,405
20125 GREEN GRASS LANE
LUTZ, FL, 33558
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
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
Property Details
Price:
$995,405
MLS #:
W7879081
Status:
Active
Beds:
4
Baths:
3
Address:
20125 GREEN GRASS LANE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
LAKE COMO HOMESITES
Neighborhood:
33558lutz
City:
LUTZ
Listed Date:
Sep 18, 2025
State:
FL
Finished Sq Ft:
3,169
Total Sq Ft:
3,169
ZIP:
33558
Lot Size:
109,821 sqft / 5.50 acres (approx)
Year Built:
1978
Schools
Interior
Appliances
Cooktop, Range Hood, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Wall/ Window Unit(s)
Flooring
Laminate, Tile
Heating
Heat Pump
Laundry Features
Inside
Exterior
Architectural Style
Custom
Construction Materials
Other
Exterior Features
Awning(s)
Other Structures
Additional Single Family Home, Boat House, Other
Parking Features
Curb Parking
Roof
Shingle
Financial
Tax Year
2024
Taxes
$6,114
Mortgage Calculator
Map
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20125 GREEN GRASS LANE
LUTZ, FL
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