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$3,250,000

For Sale - Active
4312 James L Redman Pkwy, Plant City, FL 33567
6 Beds
4 Baths
3,567 Square Feet
18.58 Acres Lot
Built in 1950
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jul 30, 2025 at 04:25AM

Investment Summary


Monthly Cash Flow
-$15,397
Cap Rate
0.5%
Cash-on-Cash Return
-24.7%
Debt Coverage Ratio
0.08
Internal Rate of Return (5 years)
-19.8%

Property Description


18.58 Acres Lot
Built in 1950
For Sale - Active
1 Units

Rare Investment Opportunity 18.58 Acres on Booming James L. Redman Parkway. This one-of-a-kind property delivers on all fronts. Positioned along the fast-growing James L. Redman Parkway, it offers nearly 690 feet of prime road frontage and 18.58 acres of versatile land with major development potential. On-site are two single-family homes with separate addresses: 4312 James L. Redman Pkwy has 2 beds, 1 bath, 1,456 sq ft with a Florida room and screened lanai. 4314 James L. Redman Pkwy has 4 beds, 3 baths, 2,111 sq ft featuring a split-bedroom layout, fireplace, dining room, spacious kitchen, and a comfortable great room. Also included is a 60x32 upgraded barn transformed into a stunning event venue, perfect for weddings, parties, and corporate events. Highlights include: Fully furnished bride and groom suites, Wet bars, storage rooms, and firepit, Scenic pond views and ample gathering space. Whether you’re an investor, developer, or entrepreneur, this property offers endless potential for residential, commercial, or event-based use. Properties like this don’t come around often. Call now to schedule your private tour—before it’s gone.

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Location


Property Details


Parking

  • Description: Carport
  • Details: None
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 0
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Block, Slab
  • Roof Type: Gable or Hip
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: U162922ZZZ000004970400
  • Lot Size: 809345 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1950

Tax Information

  • Annual Tax: $4,035

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Hillsborough

Listing Details


Listed by:
Shelton Keely
SK REALTY
(813) 367-7253

Source:
Stellar MLS
MLS#: TB8399878
Stellar MLS

Investment Summary


Monthly Cash Flow
-$15,397
Cap Rate
0.5%
Cash-on-Cash Return
-24.7%
Debt Coverage Ratio
0.08
Internal Rate of Return (5 years)
-19.8%

Purchase Details

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Purchase price:
$3,250,000
Amount financed:
-$2,600,000
Down payment:
$650,000
Closing costs:
$97,500
Rehab costs:
$0
Initial cash invested:
$747,500
Square feet:
3,567
Cost per square foot:
$911
Monthly rent per square foot:
$0.64

Financing Details

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Loan amount:
$2,600,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$16,648
Property tax:
$336
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$17,145

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$336-$4,036
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$911-$10,936

Cash Flow


Monthly Yearly
Net operating income:
$1,251 $15,012
Mortgage payments:
-$16,648 -$199,776
Cash flow:
$15,397 $184,764