Presenting New America. A 40 unit condo investment package in Port Richey, FL. This multifamily investment is presented @2.95M and a 9+% Cap. rate and is truly one of the best available asset classes today. Investment highlights include:
Highly desirable unit mix of all 2 BR/1.5 Ba. The Seller owns 40 Condos in this 65 unit Condominium complex and holds control of the HOA. All of the units include washer /dryer hookups and 2 parking spaces. It is nearly 100% continually leased. The owner has spent over 500K recently on both interior and exterior improvements. The property is ideally located within 1 mile of US 19, a major North- South thoroughfare, home to many national and local retailers. It is also within 15 minutes of 3200 medical jobs between Regional Bayonet and Trinity Medical Centers. As a Main Street America accredited program, New Port Richey shares both a commitment to creating high quality places to live and shop and to building stronger communities through preservation based economic development. Positive cash flow, passive income, tax benefits. Invest in this recession proof best asset class.