4954 Bitner Street, New Port Richey, FL 34652
- $3,186,000
- 53
- BD
- 40
- BA
- 801
- SqFt
- List Price
- $3,186,000
- Status
- Active
- Days on Market
- 84
- MLS#
- W7885459
- Property Style
- Villa
- Year Built
- 1973
- Bedrooms
- 53
- Bathrooms
- 40
- Living Area
- 801
- Total Acreage
- Non-Applicable
- Legal Subdivision Name
- New Port Colony
- MLS Area Major
- New Port Richey
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.
/u.realgeeks.media/capstonerealestate/Capstone_Realty_&_Associates_Logo.png){kind=logo}
Additional Information
- Taxes
- $1080
- Minimum Lease
- No Minimum
- HOA Fee
- $308
- HOA Payment Schedule
- Monthly
- Community Features
- Buyer Approval Required, Pool, No Deed Restriction, Maintenance Free
- Property Description
- One Story
- Zoning
- MF1
- Interior Layout
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Floor
- Carpet, Ceramic Tile, Tile
- Appliances
- Dryer, Refrigerator, Washer
- Utilities
- Cable Available, Cable Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Community, Private
- Pool Type
- Indoor
- Garage Carport
- 1 Car Garage
- Garage Spaces
- 1
- Housing for Older Persons
- Yes
- Pets
- Allowed
- Flood Zone Code
- AE
- Parcel ID
- 16-26-07-014.D-025.01-016.0
- Legal Description
- NEW PORT COLONY FIFTH WAY UNREC PLAT PCL 1016 BLOCK 25 DESC AS:COM AT SE COR OF SEC TH N01DEG21'15"E 1641.91 FT TH S89DEG56' 13"W 224.57 FT TH N00DEG03' 47"W 168.65 FT FOR POB TH N89DEG38' 45"W 28 FT TH N00DEG21' 15"E 22.67 FT TH S89 DEG38' 45"E 13.3 3 FT TH N00DEG 21' 15"E 13.33 FT TH S89DEG38' 45"E 28 FT TH S00DEG21' 15"W 13.33 FT TH N89DEG38' 45"W 13.33 FT TH S00DEG21' 15"W 22.67 FT TO POB (X)
Listing courtesy of RE/MAX MARKETING SPECIALISTS. 727-853-7801
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on