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April Naughton

aprilnaughton@gmail.com +1(239) 898-0576

$ 3,186,000

Est. payment | -/mo

53 Beds

40 Baths

801 SqFt

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$ 3,186,000

Est. payment | -/mo

Save

53 Beds

40 Baths

801 SqFt

Key Details

Property Type Single Family Home

Sub Type Villa

Listing Status Active

Purchase Type For Sale

Square Footage 801 sqft

Price per Sqft $3,977

Subdivision New Port Colony

MLS Listing ID W7885459

Bedrooms 53

Full Baths 40

HOA Fees $308/mo

HOA Y/N Yes

Annual Recurring Fee 3696.0

Year Built 1973

Annual Tax Amount $1,080

Property Sub-Type Villa

Source Stellar MLS

Property 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.

Location

State FL

County Pasco

Community New Port Colony

Area 34652 - New Port Richey

Zoning MF1

Interior

Interior Features Ceiling Fans(s)

Heating Central

Cooling Central Air

Flooring Carpet, Ceramic Tile, Tile

Furnishings Unfurnished

Fireplace false

Appliance Dryer, Refrigerator, Washer

Laundry Inside

Exterior

Exterior Feature Other

Garage Spaces 1.0

Pool Indoor

Community Features Buyer Approval Required, Pool

Utilities Available Cable Available, Cable Connected

Amenities Available Maintenance

Roof Type Shingle

Attached Garage true

Garage true

Private Pool Yes

Building

Entry Level One

Foundation Slab

Lot Size Range Non-Applicable

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Others

Pets Allowed Dogs OK, Yes

Senior Community Yes

Ownership Fee Simple

Monthly Total Fees $308

Acceptable Financing Cash

Membership Fee Required Required

Listing Terms Cash

Num of Pet 2

Special Listing Condition None

Listed by Nicholas Vavoulis RE/MAX MARKETING SPECIALISTS

NEARBY SCHOOL & BUSINESS

+1(239) 898-0576

aprilnaughton@gmail.com

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4954 BITNER ST New Port Richey, FL 34652