4932 ELKNER STREET

NEW PORT RICHEY, FL 34652

Seller will consider financing with 45% down at 7% interest. Recently impacted by the hurricane, this property has undergone restoration with all damaged materials removed and drywall replaced, though currently unfinished, allowing for your custom design. 27-villas in all. (13) 1 bedroom, 1bath w/garages 540 Sq.Ft . (10) 2-bedroom, 1-bathroom w/garages 722 Sq.Ft units. (4) 2 bedrooms 2 baths w/garages 801 SqFt units. (2) 1-bedroom 1-bath no garages 540 Sq.ft. Layout with an open floor plan. The hot water heater is in working condition. 55+ community that you can RENT OUT immediately. The community provides excellent amenities, including a pool, shuffleboard, and optional private beach access for an annual fee. HOA for 1 bed 1 bath $300 a month, 2-bed 1 bath $300 a month, and 2-bed 2 bath is $300 a month and that includes, Roof, water, trash, exterior of building and ground maintenance. Conveniently located near shopping centers, public transportation, dining options, and county parks, it’s also just minutes from historic downtown New Port Richey. This villa is an attractive opportunity for buyers seeking both location and potential. This is a 209 unit complex. This owner has 37 units in total. There are also an additional 10 units THAT HAVE BEEN FULLY RESTORED AND RENTED currently RECEIVING $1300 A MONTH on average for the 10 UNITS. Will sell those units for an additional $800,000

Listing courtesy of RE/MAX MARKETING SPECIALISTS 7272343743



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Last checked: 2025-04-19 07:04 AM EDT