11705 Enterprise Drive
Port Richey,
FL
34668
Property Details
List Price: |
$7,500,000 |
Beds: |
98 |
Baths: |
56 |
Status: |
Active |
SqFt: |
39810 |
Agency: |
Dalton Wade, Inc. |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1977 |
Notes: |
Package Deal - Turnkey 32 Single Family House Rental Portfolio in Pasco owned by one owner. Fully rented, very stable and well maintained. Most tenants average lease term has been 5+ years. 24 properties on month to month leases and room to easily bump rents another 10%. Monthly gross over $50K. NOI $475K after all expenses currently. Roughly 6.5% cap rate at current rents listed below are actual rents, not expected, Profoma rents will give you roughly a cap rate of 7.3%+. 28 Roofs updated, 28 HVACs updated, all windows updated, 20 Kitchens updated, 22 Main Baths updated. Most major items been recently renovated to keep maintenance costs down. Various pictures from the properties showing general condition of kitchens, bathrooms, common rooms, exterior etc. Property breakdown in attached spreadsheet showing property address, year of each update, current rent and expenses. Seller reserves the right to sell individually or as a package. Buyer to verify all data. |
MlsNumber: |
W7860666 |
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Listing Provided By: |
Dalton Wade, Inc., original listing |
Name: |
Dalton Wade, Inc. |
Phone: |
(727) 888-4175 |
Office Name: |
DALTON WADE INC |
Office Phone: |
(888) 668-8283 |
Agent Name: |
Robert Bello, JR |
Disclaimer: |
Copyright © 2024 Pinellas Suncoast Association of REALTORS ®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |