5101 WESTSHORE DR
New Port Richey / Gulf Harbors Comunidad
3, 3, 2,886ft²
MLS#: W7878297
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4954 BITNER ST, NEW PORT RICHEY, 34652
- $3,186,000
- 53 Beds, 40 Baths , 801 Sq.Ft
- County: Pasco
- Subdivision: NEW PORT COLONY
Property highlights
- MLS#: W7885459
- Year built: 1973
- Parking spaces: 1
- Pool: Private pool Community pool
Property Overview
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.
Driving directions : US 19 west Marine. Right on Parkway
Property Features
| Rooms | Dimension | Description |
|---|---|---|
| Kitchen | First level | |
| Living Room | First level | |
| Bathroom 1 | First level | |
| Primary Bedroom | First level | |
| Primary Bathroom | First level |
Interior Features
- Ceiling Fans(s)
Appliances
- Dryer
- Refrigerator
- Washer
Heating
- Central
Laundry features
- Inside
Air Conditioning
- Central Air
Floor Covering
- Carpet
- Ceramic Tile
- Tile
Utilities
- Cable Available
- Cable Connected
Exterior features
- Other
Pool features
- Indoor
Community Features
- Buyer Approval Required
- Pool
Association Amenities
- Maintenance
Construction Materials
- Block
- Stucco
Road Surface Type
- Asphalt
Roof
- Shingle
Foundation
- Slab
Listing information courtesy of RE/MAX MARKETING SPECIALISTS
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Listing data comes from My Florida Regional MLS.
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