Cottage Court Apartments is a 92-unit villa-style community built in 1986 and located in a high-growth suburban submarket of the Tampa MSA. Positioned in the heart of Port Richey with convenient access to US-19, the property offers strong regional connectivity and proximity to retail, dining, and everyday conveniences within a stable residential neighborhood supporting long-term rental demand.
The single-story brick residences provide a desirable low-density feel with functional floor plans designed for everyday living. The asset offers a compelling going-in return profile with meaningful upside through a luxury-grade value-add program, including quartz countertops, LVP flooring, stainless steel appliances, shaker cabinetry, and upgraded fixtures. Additional revenue growth is supported through continued penetration of the washer/dryer rental program, with all units featuring connections and 23 units currently paying a monthly rental fee.