New Port Colony 36 Unit Multifamily Investment New Port Richey, FL 10 Cap Rate.
| Website: | https://www.nestseekers.com/5538740 |
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| Address: | NEW PORT RICHEY, FL 34652 |
| Ownership: | Fee Simple |
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| Type: | Unknown |
| Bedrooms: | 53 BR |
| Bathrooms: | 40 |
| Pets: | Pets Allowed |
Financials
Price:$3,186,000
Annual Taxes:$1,080
Common charges:$308
Description
New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. Turnkey multifamily investment. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Every unit has been updated and comes equipped with central heating and air. And here's what really sets this property apart: all 36 units have their own private garage — washer/dryer hookups in the garage of each unit. Residents get their own parking and their own laundry, all tucked right outside their door. There's a pool, shuffleboard, and a neighborhood feel that residents take pride in. Residents have the option to join the Gulf Harbors Beach Club — one of the only private Gulf-front beach clubs in the area — for just $200 a year. It's a small cost that adds a lifestyle element most apartment communities simply can't offer. Day-to-day living is easy. Groceries, restaurants, shopping, and medical facilities are all close by, which matters a great deal to the 55+ residents who call this place home. The 55+ demographic is one of the most stable tenant bases in residential real estate — low turnover, consistent payment history, and genuine pride of residency. New Port Colony reflects all of that. Strong returns, updated units, a private garage, and a beach club down the road.
Amenities
- Buyer Approval Required
- Cable - Available
- Cable Connected
- Ceiling Fans(S)
- Dryer
- Maintenance
- Other
- Pool
- Refrigerator
- Washer
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of RE/MAX MARKETING SPECIALISTS | |