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DESCRIPTION
Turnkey 32 Single Family House Rental Portfolio in Pasco. 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. Buyer to verify all data.,
FEATURES- Attached Garage Yes
- Bedrooms Total 32
- Building Area Total 39810
- Carport Spaces 4
- Carport Yes
- City PORT RICHEY
- Construction Materials
Block
Wood Frame - Cooling Central Air
- Cooling Yes
- Country US
- County Or Parish Pasco
- Covered Spaces 4
- Days On Market 1
- Directions
From 52 turn onto Zimmerman. Make left onto Seashore
it is on the first corner on the right
Enterprise. - Exterior Features Lighting
- Foundation Details Slab
- Garage Spaces 24
- Garage Yes
- Heating
Central
Electric - Heating Yes
- Interior Features Ninguno
- Latitude 28
- List Price 7500000
- Living Area 39810
- Living Area Source Owner
- Living Area Units Square Feet
- Longitude -83
- Lot Size Square Feet 5810
- Lot Size Units Square Feet
- M L S Area Major 34668 - Port Richey
- Mls Status Active
- Number Of Units Total 32
- On Market Date 2023-11-06 00:00:00
- Original List Price 7500000
- Originating System Name stellar
- Ownership Fee Simple
- Parcel Number 16-25-10-057.0-000.00-361.0
- Postal Code 34668
- Postal Code Plus4 1518
- Property Sub Type Duplex
- Property Type Residential Income
- Road Surface Type Asphalt
- Roof Shingle
- Sewer
Public Sewer
Septic Tank - Special Listing Conditions None
- Standard Status Active
- State Or Province FL
- Subdivision Name GULF HIGHLANDS
- Unparsed Address
11705 ENTERPRISE DRIVE
PORT RICHEY FL 34668 - Utilities Cable Connected
- Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/stellar/W7859461
- Water Source Public
- Year Built 1977
- Zoning R4
Tracy Mani
LISTING AGENT
Listing Provided by:
Robert Bello, JR
DALTON WADE INC
The multiple listing information is provided by Miami Association of REALTORS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©️2019 Miami Association of REALTORS. All Rights Reserved.
The information provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
