Log In/Sign Up
Your email has been sent.
Porter & Beach Apartments 1 Multifamily Properties in New Port Richey, FL
Investment Highlights
- Aggregated 71-unit portfolio with assets in close proximity
- Predominantly concrete block construction across the portfolio, supporting long-term physical durability and reduced maintenance exposure
- Approximately 58% of units are equipped with washer and dryer-connections, creating the opportunity to install or rent machines for additional revenue
- Strong in-place return profile at a compelling price-per-unit basis, providing immediate yield with long-term upside
- Majority two-bedroom layouts, with approximately 58% of units featuring vaulted ceilings in the living room
- 79% of units feature back patio areas with opportunity to enclose and create direct-access private backyard spaces
Executive Summary
Porter & Beach Apartments is a 71-unit multifamily investment opportunity located within a growing suburban submarket of the Tampa MSA. Situated throughout established residential neighborhoods in New Port Richey, the portfolio offers convenient access to U.S. Highway 19, State Road 54, and the Suncoast Parkway (SR-589), providing strong regional connectivity throughout Pasco County and into greater Tampa. The assets benefit from proximity to major retail corridors, schools, grocery anchors, and key employers including BayCare Health System, HCA Florida Trinity Hospital, and the expanding Moffitt Cancer Center Speros campus.
The portfolio offers attractive in-place cash flow and economies of scale across a 71-unit clustered footprint, supporting operational efficiencies, shared management, and expense optimization. The unit mix is primarily two-bedroom layouts, with approximately 58% featuring vaulted ceilings. Value-add potential includes in-unit laundry expansion, as 58% of units have washer/dryer connections, as well as outdoor space enhancements, with 79% of units featuring back patios that can be enclosed to create private backyard-style amenities, driving additional rent growth and tenant appeal.
The portfolio offers attractive in-place cash flow and economies of scale across a 71-unit clustered footprint, supporting operational efficiencies, shared management, and expense optimization. The unit mix is primarily two-bedroom layouts, with approximately 58% featuring vaulted ceilings. Value-add potential includes in-unit laundry expansion, as 58% of units have washer/dryer connections, as well as outdoor space enhancements, with 79% of units featuring back patios that can be enclosed to create private backyard-style amenities, driving additional rent growth and tenant appeal.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 100,000 SF |
| Number of Properties | 4 | Total Land Area | 1.99 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 100,000 SF |
| Total Land Area | 1.99 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Prosperity at New Port Richey
6807 Porter Rd, New Port Richey, FL 34653 |
Multifamily | 100,000 SF | 2000 | - |
1 1
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Porter & Beach Apartments
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.