Address
11705 Enterprise DRIVE, PORT RICHEY, FL
Price
$ 7,500,000
Property Attributes
- MLS#W7860666
- TypeSingle Family
- CountyPASCO
- CityPORT RICHEY
- AreaPort Richey
- NeighborhoodGulf Highlands
- Zip34668
- StyleSingle Family Residence
- Year Built1977
- Taxes$ 1829
- Price$ 7,500,000
- Bedrooms98
- Full Bathrooms51
- Half Bathrooms5
- Sqr Footage39810
- Lot Size5,663 SqFt
Data Source:
Stellar MLS
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.
| Price History | |
|---|---|
| 12/29/2023 | Listed $7,500,000 |
General Features
| Interior Features | Ceiling Fans(s) |
|---|---|
| Sewer | Public Sewer,Septic Tank |
| Heating | Central,Electric |
| Cooling | Central Air |
| Utilities | Cable Connected |
| Roof | Shingle |
| Appliances | Dishwasher,Microwave,Range,Refrigerator |
| Exterior Features | Private Mailbox |
| Zoning | R4 |
| Garage Spaces | 1 |
| Construction Materials | Block,Wood Frame |
| Year Built | 1977 |
| Levels | One |
| Property SubType | Single Family Residence |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| County | Pasco |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Attached Garage | Yes |
| Subdivision Name | GULF HIGHLANDS |
| Facing Direction | South |
| Garage Y/N | Yes |
| Total Rooms | 9 |
| Status | Active |
| Directions | From 52 turn onto Zimmerman. Make left onto Seashore,it is on the first corner on the right,Enterprise. |
| City | PORT RICHEY |
| Buyer Agent Compensation | 100000 |
| Senior Community Y/N | No |
| MLS Area | 34668 - Port Richey |
| Lot Size Square Feet | 5810 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Spaces | 1 |
| Carport Y/N | Yes |
| Street Name | Enterprise |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 1829.54 |
| Public Remarks | 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 prop |
| Lease Considered Y/N | Yes |
| Days on Market | 21 |
| Standard Status | Active |
| Tax Lot | 361 |
| Legal Description | GULF HIGHLANDS UNIT 2 PB 11 PGS 127-129 LOT 361 OR 9159 PG 3296 OR 9174 PG 1893 |
| Minimum Lease | 3 Months |
Interior Features
| Flooring | Ceramic Tile,Vinyl |
|---|---|
| Total Stories | 1 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Full Baths | 51 |
| Half Baths | 5 |
| Street Suffix | DRIVE |
| Laundry Features | Inside |
| Total Bedrooms | 98 |
| LivingAreaSource | Public Records |
| Total Baths | 56 |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Private,Public |
|---|---|
| Lot Size Area | 5810 |
| Foundation Details | Slab |
| Building Area Total | 39810 |
| Lot Size Acres | 0.13 |
| Road Surface Type | Asphalt |
| Lot Size Units | Square Feet |
| Covered Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 34668
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated Last updated on April 28, 2024 1:22 AM UTC The listing information on this page last changed on Last updated on April 28, 2024 1:22 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on April 28, 2024 1:22 AM UTC
All information regarding a property for sale, rental or financing, school information and public tax records is from sources deemed reliable; PROVIDED, HOWEVER, that representations and warranties are not made about the accuracy thereof, and such information is subject to errors, omissions, updates, modifications, changes of price, rent rates, commissions, prior sales, leases or financing, changes in school boundaries, or withdrawal without notice. All information displayed on this Website should
© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being 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. Information is deemed reliable but not guaranteed.
