UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 801 sqft
Price per Sqft $3,370
Subdivision New Port Colony
MLS Listing ID W7885450
Bedrooms 53
HOA Fees $308/mo
HOA Y/N Yes
Annual Recurring Fee 3696.0
Year Built 1973
Annual Tax Amount $1,080
Property Sub-Type Triplex
Source Stellar MLS
Property Description
If you've been searching for a turnkey multifamily investment that truly checks every box, New Port Colony deserves your full attention. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate — and once you understand what's included, it's easy to see why.
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.
Location
State FL
County Pasco
Community New Port Colony
Area 34652 - New Port Richey
Zoning MF1
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile, Tile
Fireplace false
Appliance Dryer, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Other
Garage Spaces 1.0
Pool Indoor
Community Features Buyer Approval Required, Clubhouse, Pool
Utilities Available Cable Available, Cable Connected
Amenities Available Maintenance
View Y/N No
Water Access No
Roof Type Shingle
Attached Garage true
Garage true
Private Pool Yes
Building
Entry Level One
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Pets Allowed Dogs OK, Yes
Senior Community Yes
Ownership Fee Simple
Monthly Total Fees $308
Acceptable Financing Cash
Membership Fee Required Required
Listing Terms Cash
Num of Pet 2
Special Listing Condition None
Schools and Properties Nearby
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