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5540 James Street - Pinecrest Apartments, New Port Richey, FL

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5540 James Street - Pinecrest Apartments

New Port Richey, FL 34652-3716 - Greater New Port Richey South MF Submarket


Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:1981
Stories:2 Building Size:9,384 SF Land Area:.55 AC (23,958 SF)
For Sale Price:$850,000 Price/Unit:$70,833.33 Cap Rate:3.50 % GRM:-

Parking:1.39 Parking Spaces / 1,000 SF



Sale Notes:
12 Unit Complex with 17 parking spaces. All units have newer laminate flooring and/or tile flooring installed 2006. Most of the appliances and ceiling fans have been updated. Roof was replaced in 2001. Property is on 1/2 acre with a large lot at the back of the building. The unit mix is Ten 2BR/1BA and Two 1BR/1BA.

The Pasco County area is one with many development opportunities due to the
abundance of Open spaces and Land in the Central and
Northern parts of Pasco County. In the immediate vicinity of this property is the Hospital and Medical Community, which recently went thru organization changes with the new Opening of Trinity Medical Center, about seven miles Southeast, and this area recently evolved to specialized medicine.
This property is in the New Port Richey area in Pasco County Florida. It is located a few blocks South of Main Street. This Gulfcoast of Florida is densely populated, and cities blend continuously along the major thoroughfare US Hwy 19. Centrally located on the Florida Gulf of Mexico,this location is where the Florida "Suncoast" begins and runs South to Naples. And the Florida Nature Coast takes you North to the Panhandle. Pasco County is just North of the Tampa-St.Petersburg MSA. The submarket is known as West Pasco. From here and traveling East on either State Road 54 or State Road 52, you will cross the Suncoast Parkway, which is a quick commute to Tampa and Tampa International Airport. Continuing East, you cross Intestate 75 and then take Interstate 4 to Orlando.

Keller Williams Realty
Daniel Lee
(727) 408-6828

Don Moore
(727) 772-0772




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