$2,000,000
Description
Owner will considering financing INTEREST ONLY loan with $500,000 down at 7% interest with $500k do every 24 months. Recently impacted by the hurricane, this property has undergone restoration with all damaged materials removed and drywall replaced, though currently unfinished, allowing for your custom design. 36-villas in all. (18) 1 bedroom, 1bath w/garages 540 Sq.Ft . (13) 2-bedroom, 1-bathroom w/garages 722 Sq.Ft units. (3) 2 bedrooms 2 baths w/garages 801 SqFt units. (2) 1-bedroom 1-bath no garages 540 Sq.ft. Layout with an open floor plan. The hot water heater is in working condition. 55+ community that you can RENT OUT immediately. The community provides excellent amenities, including a pool, shuffleboard, and optional private beach access for an annual fee. HOA for 1 bed 1 bath $244 a month, 2-bed 1 bath $245 a month, and 2-bed 2 bath is $248 a month and that includes, Roof, water, trash, exterior of building and ground maintenance. Conveniently located near shopping centers, public transportation, dining options, and county parks, it’s also just minutes from historic downtown New Port Richey. This villa is an attractive opportunity for buyers seeking both location and potential. This is a 209 unit complex. This owner owns 36 units.
Listed by Nicholas Vavoulis, .
Property Highlights
- Property Type: Multi Family
- MLS #: W7870190
Room Information
| Garage | Yes |
| Garage Spaces | 1 |
| Laundry | In Garage |
| Total Baths | 39 |
| Total Beds | 52 |
Property Features
| Community Features | Clubhouse, Pool |
| Construction Materials | Block, Stucco |
| Cooling | Central Air |
| Exterior Features | Other |
| Heating | Central |
| Interior Features | Other |
| Interior Square Footage | 801 |
| Lot Size Acres | 0.02 |
| Lot Size Square Feet | 980 |
| Roof | Shingle |
| Sewer | Public Sewer |
| Water Source | Public |