Neighborhood: 34668 - Port Richey, New America Usa 1 Condo Pb 21 Pg 99 Unit 1 Bldg A
Property Taxes: 8978
RMS Elite Properties is pleased to present an Exclusive Investment Offering for twenty two Multifamily units located in the New America Condominium complex of Port Richey, Florida.
This opportunity consists of a portfolio of rental units with a long history of occupancy located in a dense residential area, surrounded by national tenants such as Publix, Sonic, Little Caesars, Sunoco’, Bank of America, and more. The previous Owner has contributed over $80,000 of improvements since 2018, allowing an investor to collect stable cash flow while also adding value by increasing rents to the renovated apartments. With a lease loss of $23,000, an investor can see a substantial increase in Net Operating Income by increasing rents to a market rate and cutting down on expenses. Perfect Value Add Deal!
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