4954 Bitner St, New Port Richey, FL 34652

New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. 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.

Adorable 2 bedroom, 2 bath, 1-car garage villa in New Port Richey has so many upgrades. This is a corner unit, which allows for plenty of natural light. Windows are newer, and AC was replaced in 2014. This home includes a full size washer and dryer, and plenty of storage space in the over-sized garage. Furniture is also included, so you can move right in! The kitchen has an updated beveled edge countertop and tile flooring. Next to the kitchen is a furnished dinette area. Both bedrooms have plenty of closet space and there is ample pantry space. The primary bathroom has a newer pantry and walk-in tiled shower. New Port Colony is a maintenance free 55+ community. Great location near the Gulf of Mexico, beaches, and plenty of shopping very close-by.

Property Description

Corner Unit, End Unit