Delaware 10 Unit

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30040444
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 10 Units
Building Size (RSF): 7,130 SF
Gross Land Area: 0.69 Acres
Sale Price: $649,000
Unit Price: $64,900 Per Unit
Property Use Type: Investment
Usable Size (USF): 7,130 SF
Sale Terms: Cash to Seller
Cap Rate: 0.08%
Average Occupancy Rate: 100
Last Updated: 12/4/2017

Overview / Comments

Four buildings in a u shape with courtyard area in the center. Two duplexes and two triplexes for a total of 10 two bedroom one bath apartments. All units have security deposits. Roof replaced in 2007 with 30 year three dimensional shingles. Located in residential neighborhood with mixes mulit family and single family homes. Alley off of rear of property for additional parking. Current market conditions indicate similar rentals demand $695 to $750 monthly which could generate an additional 5-10k annually. Great long term investment.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 1626040030137000010
Zoning: R3
Percent Occupied: 100%
Total Number of Buildings: 4
Property Condition: Average
Number of Stories: 1
Year Built: 1974
Year Renovated: 2007
Roof Type: Hip
Construction/Siding: Block
Exterior Description: Block Stucco
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 20
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: TILE
Zoning Description: R3
Legal Description: CITY OF NEW PORT RICHEY PB 4 PG 49 LOTS 1-4 INCL BLOCK 137

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,121 83,139 163,484
Median Age: 44.71 45 44.87
Households: 5,034 36,949 70,710


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