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8602 PIONEER TRL Port Richey, FL 34668
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 18,480 sqft
Price per Sqft $75
Subdivision New America Usa 1 Condo Pb 21 Pg 99 Unit 1 Bldg A
MLS Listing ID U8101895
Sold Date 12/22/20
Condo Fees $85
Construction Status Completed
HOA Fees $79/ann
HOA Y/N Yes
Year Built 1982
Annual Tax Amount $8,978
Lot Size 3.000 Acres
Acres 3.0
Property Sub-Type Multi-Family
Property Description
RMS Elite Properties is pleased to present an Exclusive Investment Offering for twenty two Multifamily units located in the New America Condominium complex of Port Richey, Florida.
This opportunity consists of a portfolio of rental units with a long history of occupancy located in a dense residential area, surrounded by national tenants such as Publix, Sonic, Little Caesars, Sunoco', Bank of America, and more. The previous Owner has contributed over $80,000 of improvements since 2018, allowing an investor to collect stable cash flow while also adding value by increasing rents to the renovated apartments. With a lease loss of $23,000, an investor can see a substantial increase in Net Operating Income by increasing rents to a market rate and cutting down on expenses. Perfect Value Add Deal!
Location
State FL
County Pasco
Community New America Usa 1 Condo Pb 21 Pg 99 Unit 1 Bldg A
Zoning MF2
Interior
Heating Other
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Fence
Utilities Available Electricity Available
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Completed
Others
Pets Allowed Number Limit
Senior Community No
Ownership Condominium
Monthly Total Fees $164
Membership Fee Required Required
Special Listing Condition None
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Bought with COASTAL PROPERTIES GROUP
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Panagiotis Peter Sarantidis
Licensed Real Estate Sales Professional | License ID: 3332095