Property Details
Price: $2,700,000
Sq Ft: 801
($3,371 per sqft)
Bedrooms: 53
Bathrooms: 40
City:New Port Richey
County:Pasco
Type:Single Family
Development:New Port Colony
Subdivision:New Port Colony
Year Built:1973
Listing Number:W7885459
Status Code:A-Active
Taxes:$1,080.00
Tax Year: 2025
Garage: 1
/ Y
Furnishings: Unfurnished
Pets Allowed: Dogs OK, Yes
Total Recurring Fees: $308
Total Recurring Fee Frequency: 0.00
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Equipment:
Dryer
Refrigerator
Washer
Interior Features:
Ceiling Fans(s)
Exterior Features:
Other
Amenities:
Maintenance
Financial Information:
Taxes: $1,080.00
Tax Year: 2025
Association Fee: $308.00
Association Fee Frequency: Monthly
Room Dimensions:
Laundry: Inside
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New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | Turnkey multifamily investment. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Every unit has been updated and comes equipped with central heating and air. And here's what really sets this property apart: all 36 units have their own private garage — washer/dryer hookups in the garage of each unit. Residents get their own parking and their own laundry, all tucked right outside their door. Community amenities include a swimming pool, shuffleboard courts, and a neighborhood feel that residents take pride in. Residents have the option to join the Gulf Harbors Beach Club — one of the only private Gulf-front beach clubs in the area — for just $200 a year. It's a small cost that adds a lifestyle element most apartment communities simply can't offer. Day-to-day living is easy. Groceries, restaurants, shopping, and medical facilities are all close by, which matters a great deal to the 55+ residents who call this place home. The 55+ demographic is one of the most stable tenant bases in residential real estate — low turnover, consistent payment history, and genuine pride of residency. New Port Colony reflects all of that. Strong returns, updated units, a private garage, community pool, and a beach club down the road.
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Additional Information:
Building Design: Villa Detached
MLS Area: 34652 - New Port Richey
Total Square Footage: 1,087
Price per Square Feet: $3,370.79
Water: Public
Construction: Block, Stucco
Date Listed: 2026-05-04 00:00:00
Pool Description: In Ground
Furnished: Unfurnished
Garage Description: Y
Garage Spaces: 1
Attached Garage: Y
Flooring: Carpet, Ceramic Tile, Tile
Roof: Shingle
Heating: Central
Cooling: Central Air
Laundry: Inside
55+ Community: Y
Pets: Dogs Ok, Yes
Sewer: Public Sewer
Parcel ID: 16-26-07-014.D-
Amenities: Maintenance
Map of 4954 Bitner Street, New Port Richey, FL 34652
Listing Courtesy Of: Re/Max Marketing Specialists
nickvavoulis@gmail.com