$123,500
Pending · 216 days on market · MLS# MFRTB8435439
| Bedrooms | 2 |
|---|---|
| Bathrooms | 2 |
| Living area | 920 sq ft |
| Lot size | 1.83 acres |
| Year built | 2004 |
| Property type | Condominium |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $2,030 |
| County | Pasco |
Updated condo in the heart of New Port Richey! This unit is one (1) of three (3) available investment properties, all currently rented and producing a combined monthly income of $4,650. An excellent investment opportunity with strong returns — this particular unit rents for $1,550/month, offering a ~14.4% gross cap rate and an estimated ~10.0% net cap rate (based on a 30% expense ratio). Recent appraisal and inspection reports are included in the attachments. This well-maintained 2-bedroom, 2-bath Unit features a spacious open living area, large kitchen, generous bedrooms, in-unit laundry, and extra storage space. Located minutes from beautiful Gulf beaches, shopping, dining, and entertainment, with easy access to Tampa, St. Petersburg, Clearwater, and the airport. The low HOA fee ($302/month) covers water, sewer, and trash. Whether you’re seeking a clean, affordable home or a high-performing, cash-flowing investment — this one checks all the boxes. Cash-only sale.
Listing courtesy of Matt Mayers, LIFES A BEACH REAL ESTATE. Presented by MC Homes Realty Inc · 727432218.