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New Port Richey Portfolio 1 Multifamily Properties Offered at $16,922,587 CAD in New Port Richey, FL
Investment Highlights
- 107-unit portfolio with assets in close proximity, allowing for operational efficiences, shared management oversight, and expense optimization
- Opportunity to increase income through implementation of bulk cable/internet programs and valet trash services
- Immediate access to major north–south and east–west thoroughfares providing connectivity throughout Pasco County and into Pinellas and Hillsborough
- Strong in-place return profile at a compelling price-per-unit basis, providing immediate yield with long-term upside
- Predominantly concrete block construction across the portfolio, supporting long-term physical durability and reduced maintenance exposure
- Minutes from major grocery anchors including Publix, Winn-Dixie, ALDI, and Walmart Supercenter
Executive Summary
The New Port Richey Portfolio is a 107-unit multifamily investment opportunity located within a rapidly growing suburban submarket of the Tampa MSA. The assets are strategically positioned throughout established residential neighborhoods in New Port Richey with convenient access to major transportation corridors including U.S. Highway 19, State Road 54, and the Suncoast Parkway (SR-589), providing connectivity throughout Pasco County and into the greater Tampa region. The portfolio benefits from proximity to major retail corridors, grocery anchors, schools, and regional employers including BayCare Health System, HCA Florida Trinity Hospital, and the expanding Moffitt Cancer Center Speros campus.
The portfolio offers investors attractive in-place cash flow and economies of scale with 107 units located in close proximity, allowing for operational efficiencies and centralized management. Constructed primarily of durable concrete block, the properties feature a functional unit mix predominantly composed of two-bedroom layouts, with select townhome-style units and vaulted ceilings in a portion of residences. Additional value-add potential exists through interior renovations, in-unit laundry expansion, and ancillary income opportunities such as bulk internet and valet trash services, positioning the portfolio for both immediate yield and long-term value creation.
The portfolio offers investors attractive in-place cash flow and economies of scale with 107 units located in close proximity, allowing for operational efficiencies and centralized management. Constructed primarily of durable concrete block, the properties feature a functional unit mix predominantly composed of two-bedroom layouts, with select townhome-style units and vaulted ceilings in a portion of residences. Additional value-add potential exists through interior renovations, in-unit laundry expansion, and ancillary income opportunities such as bulk internet and valet trash services, positioning the portfolio for both immediate yield and long-term value creation.
Property Facts
| Price | $16,922,587 CAD | Number of Properties | 3 |
| Price / SF | $605.46 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 27,950 SF |
| Status | Active | Total Land Area | 0.41 AC |
| Price | $16,922,587 CAD |
| Price / SF | $605.46 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 27,950 SF |
| Total Land Area | 0.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Cheri Court
5432 Cheri Ct, New Port Richey, FL 34652 |
Multifamily | 27,950 SF | 1974 | - |
1 1
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