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 $300 a month, 2-bed 1 bath $300 a month, and 2-bed 2 bath is $300 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.
MLS# | W7870190 |
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Listing Type | For Sale |
Style | Town House |
HOA Dues | $300 |
Sub-Type | For-sale |
Status | Active |
Year | 1973 |
Days On Site | 56 |
Listing Provided By | RE/MAX MARKETING SPECIALISTS | Nicholas Vavoulis |
Bed(s) | 52 |
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Bath(s) | 39 |
SQ Feet | 801 |
Garage | 1 |
Pool | Yes |
Units | 36 |
Zoning | MF1 |
Acreage | 0.02 |
State | FL |
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County | Pasco |
City | NEW PORT RICHEY |
Zip Code | 34652 |
Area | 34652 New Port Richey |
Community Name | NEW PORT COLONY 05 WAY |
Listing VS Median (in NEW PORT COLONY 05 WAY) | |
Price: $2,000,000 low | high Med: $1,064,950 SqFt: 801 low | high Med: 762 $ / SqFt: $2,497 low | high Med: $1,338 On Site: 56 low | high Med: 357.000000 |