For Sale - Residential For Sale - - 98 Bedrooms - 56 Bathrooms - Price
11705 ENTERPRISE
39,810 Sqft
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Property Description

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.

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
W7860666
Price:
$7,500,000
Bedrooms:
98
Full Bathrooms:
51
Half Bathrooms:
5
Square Footage:
39,810 Sqft
Year Built:
1977
Lot Area:
0.13 Acre
Appliances
Appliances
Dishwasher, Microwave, Range, Refrigerator,
Address Map
Country:
US
State:
FL
County:
Pasco
City:
PORT RICHEY
Subdivision:
GULF HIGHLANDS
Zipcode:
34668
Street:
ENTERPRISE
Street Number:
11705
Floor Number:
Longitude:
W83° 18' 34''
Latitude:
N28° 19' 38''
Agent Info
Blue Sun Team
https://BlueSunRealty.com
1-813-365-3370
1-813-365-3370
angie@bluesunrealty.com
813-365-3370 - 909 E. Parker Street Lakeland, FL 33801 -