Property Description
New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate.If you've been searching for a turnkey multifamily investment that truly checks every box, New Port Colony deserves your full attention. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate - and once you understand what's included, it's easy to see why.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.
Property Features
Amenities
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: RE/MAX MARKETING SPECIALISTS
Agency Contact: 727-853-7801
Shown By
Agent Name: Cassandra Brown
Agent Phone: (904) 309-0000
Agency Title: Watson Realty Corp., REALTORS ®
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Estimated Payment
$ 16,828.87 per month $15,809.62 Principal & Interest $90.00 Property Tax $929.25 Homeowner's InsuranceChange Payment Information
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| MLS# W7885450
This multi-family property located at , New Port Richey, FL 34652 is currently listed for sale with an asking price of $3,186,000. Search New Port Richey real estate on cassbrown.watsonrealtycorp.com today.