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Gelfand Realty Miami Properties - Multi Family

6202 DELAWARE, NEW PORT RICHEY, FL 34653

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Multi Family - NEW PORT RICHEY CITY

6202 DELAWARE, NEW PORT RICHEY, FL 34653

Date Sold 05-26-2017

Sold Price$575,000 Asking Price$629,000

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  • Days on market:

    52 day(s)

  • Original Price:

    $649,000

  • Price per sqft:

    $88.22

  • Tax Legal Description:

    CITY OF NEW PORT RICHEY PB 4 PG 49 LOTS 1-4 INCL BLOCK 137 OR 4299 PG 1370 & OR 7692 PG 160

  • Tax Year:

    2016

  • Property Type:

    Multi Family

  • Parking:

    None

  • Lease Term Remaining:

    24 Months

  • Construction Type:

    StuccoBlock

  • Roof:

    Shingle

  • Cooling Description:

    Central Air

  • Heating Description:

    Electric

  • Floor Description:

    CarpetVinylCeramic Tile

  • Interior Features:

    AtticCeiling Fan(s)

  • Equipment/Appliances:

    Refrigerator Range

  • Special Listing Conditions:

    None

  • Lot Features:

    Corner Lot Level

Description

$629,000 • living size area 7130 sqft

Four buildings. two duplexes and two triplexes for a total of ten two bedroom one bath apartments. off street parking. good cash flow. fully rented. annual leases required with month to month thereafter. rents average $650.00 per unit. all units have security deposits. roof replaced in 2007 with 30 yr three dimensional shingles. located in residential neighborhood with mixed multi family and single family homes. alley off rear of property for additional parking for center units. current market conditions indicate similar rentals demand $695.00 to $725.00 monthly, which could generate an additional $5,400.00 to $9,000.00 annually. coupled with an estimated real estate inflation rate at 8% for the tampa area for 2017 makes this a great investment opportunity.

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