Back to Search

For sale
Residential income properties
FL
New Port Richey
34652
4242 REDCLIFF PLACE 4242

Garden Condo Near US 19

4242 REDCLIFF PLACE 4242, New Port Richey, FL 34652

View on Map

For Sale

$119,000

Two-bedroom condo with community pool, close to beaches and amenities.

Type:Condo/Townhome

Property size:

831 SF

Lot size:

7.90 Acres

Price / SF:

$143/SF

HighLights

Currently rented at $1350/month, presenting an immediate income opportunity.
HOA fee of $500/month includes water, sewer, trash, cable, and Wi‑Fi.
Convenient location near US 19, providing easy access to Tampa and beaches.
Community pool and on‑site laundry facilities.
No age restrictions; all ages are welcome.
Close proximity to family parks, shopping, restaurants, and tourist attractions like Crystal River and Weeki Wachee.

We can help!

Listing Contact

Ahmad Maki Kubba

For Sale

$119,000

Two-bedroom condo with community pool, close to beaches and amenities.

Type:Condo/Townhome

Property size:

831 SF

Lot size:

7.90 Acres

Price / SF:

$143/SF

Added:: Feb 13, 2024
Days on Market:: 850
Last Refresh:: May 20 at 12:33 am

Property Features for 4242 REDCLIFF PLACE 4242

General Information

Standard status: Active
Size: 831 SF
Lot size: 7.90 Acres
Property subtype: Condo/Townhome

Building Details

Year Built: 1970

We can help!

Listing Contact

Ahmad Maki Kubba

Listing agent Ahmad Maki Kubba License #595500

Listing office BUXTON PROPERTIES INC

Listing date Feb 13, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of BUXTON PROPERTIES INC

HighLights

Currently rented at $1350/month, presenting an immediate income opportunity.
HOA fee of $500/month includes water, sewer, trash, cable, and Wi‑Fi.
Convenient location near US 19, providing easy access to Tampa and beaches.
Community pool and on‑site laundry facilities.
No age restrictions; all ages are welcome.
Close proximity to family parks, shopping, restaurants, and tourist attractions like Crystal River and Weeki Wachee.

Overview

This garden-level condo in New Port Richey features two bedrooms and one bath. Residents can enjoy a community pool and on-site laundry facilities. The property is located minutes from US 19, providing convenient access to Tampa and nearby beaches. Several family parks, shopping centers, and restaurants are located in the area. Tourist attractions such as Crystal River and Weeki Wachee are also within driving distance. The HOA fees are $500 per month, covering water, sewer, trash, cable, and Wi-Fi. There are no age restrictions for residents. The property is currently rented at $1350 per month, with the current lease ending on July 31st. The property size is 831 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$15.0k	$18.00
− Vacancy	−$1.1k	−$1.28
EGI	$13.9k	$16.72
− OpEx	−$6.3k	−$7.52
NOI	$7.6k	$9.20

831 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$109.2K

$95.5K – $127.4K (±1% cap)

NOI $7,643 @ 7.0% cap · market cap 6.42%

Second Best

—

no second resolved use

Theoretical Best

Office A

$189.3K

$165.6K – $220.9K (±1% cap)

NOI $13,251 @ 7.0% cap · market cap 11.14%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: New Port Richey
County: Pasco
State: Florida
Longitude: -82.7408879
Latitude: 28.2213472

Nearby Similar for Sale

$1,250,000

3,000 SF

Downtown Flex Office/Retail Building

Single-story downtown building with prominent street frontage, rear access, designated parking, and a flexible Downtown zoning district.

5701 MAIN STREET, NEW PORT RICHEY, FL 34652

View Details
$595,000

1,900 SF

Downtown New Port Richey Office

1,900 SF professional office building in booming downtown area.

5838 MAIN STREET, NEW PORT RICHEY, FL 34652

View Details
$849,000

4,636 SF

Automotive Service Property with Rental Units

Corner-lot automotive service business plus three income-producing rental units on a heavily traveled Grand Blvd corridor.

6118 GRAND BOULEVARD, NEW PORT RICHEY, FL 34652

View Details
$579,900

2,283 SF

Waterfront Duplex with In-Law Suite

Remodeled waterfront duplex with in-law suite, ideal for Airbnb.

5822 RIVER ROAD, NEW PORT RICHEY, FL 34652

View Details
$1,898,000

8,476 SF

Medical/Mixed-Use Commercial Building For Sale

Rare opportunity: mixed-use commercial building with multiple offices and ample parking.

8726 OLD COUNTY ROAD 54, NEW PORT RICHEY, FL 34653

View Details
$849,000

4,636 SF

Mixed-Use Corner Parcel with Automotive

Mixed-use property on a corner lot combining a long-running automotive service business with occupied rental units.

0 MASTER MECHANICS OF NEW PORT RICHEY, INC. BOULEVARD, NEW PORT RICHEY, FL 34652

View Details
$299,000

1,205 SF

Cash Flowing Duplex For Sale

Turnkey, renovated duplex with dual income stream and expansion potential.

5045 GREEN KEY ROAD, NEW PORT RICHEY, FL 34652

View Details
$189,000

2,614 SF

Turnkey Restaurant in New Port Richey

Fully equipped 82-seat restaurant in downtown New Port Richey, Florida.

5414 MAIN STREET, NEW PORT RICHEY, FL 34652

View Details
$3,186,000

801 SF

New Port Richey Multifamily Investment

36-unit, 55+ community with 10% cap rate.

4954 BITNER STREET, NEW PORT RICHEY, FL 34652

View Details
$299,000

1,736 SF

Income-Generating Duplex Residence

Duplex in an MF1 zone with roof under five years old, plus in-unit washer and dryer connections.

6937 MCBRIDE COURT, NEW PORT RICHEY, FL 34652

View Details
$2,000,000

8,191 SF

New Port Richey Office Building

8,191 SF office building with lease in place.

2533 PERMIT PLACE 2523/2533, NEW PORT RICHEY, FL 34655

View Details
$399,000

2,880 SF

Freestanding Commercial Property in New Port Richey

Freestanding 2,880 SF commercial building on 0.32-acre lot.

6153 MASSACHUSETTS Ave, New Port Richey, FL 34653

View Details

For sale
Residential income properties
FL
New Port Richey
34652
4242 REDCLIFF PLACE 4242

What type of property is this?

Residential income property - Two-bedroom condo with community pool, close to beaches and amenities.

Where is this residential income property located?

The property is located at 4242 REDCLIFF PLACE 4242 New Port Richey, FL.

What is the asking price?

The asking price for this property is $119,000.

What are key features of this property?

This property features: Currently rented at $1350/month, presenting an immediate income opportunity.; HOA fee of $500/month includes water, sewer, trash, cable, and Wi‑Fi.; Convenient location near US 19, providing easy access to Tampa and beaches.