Active
4954 Bitner St, New Port Richey, FL 34652
MLS W7885459
$3,186,000
Est. $16,362/mo principal and interest at 6.65% with 20% down
53 bd · 40.0 ba · 801 sqft · Villa
About this home
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.
Key facts
- Type
- Villa
- Size
- 801 sqft
- Bedrooms
- 53
- Bathrooms
- 40.0
- Avg. price per sqft
- $3,978
- County
- Pasco
- MLS number
- W7885459
- Status
- Active
- Property address
- 4954 Bitner St, New Port Richey, FL 34652
Where is this home?
Common questions
How much is 4954 Bitner St, New Port Richey, FL 34652 listed for?
4954 Bitner St, New Port Richey, FL 34652 in New Port Richey, FL is listed at $3,186,000 (about $16,362/mo principal and interest at 6.65% with 20% down).
How many bedrooms and bathrooms does 4954 Bitner St, New Port Richey, FL 34652 have?
4954 Bitner St, New Port Richey, FL 34652 has 53 bedrooms, 40.0 bathrooms, and 801 square feet.
Who can show 4954 Bitner St, New Port Richey, FL 34652 in New Port Richey?
Jonathan Loescher is a Tampa Bay Realtor and Loan Originator. He can tour this home, compare nearby listings, and work the financing with you.