Garden Condo Near US
4242 REDCLIFF PLACE 4242, New Port Richey, FL 34652
Two-bedroom condo with community pool, close to beaches and amenities.
Type:Condo/Townhome
Property size:
831 SFLot size:
7.90 AcresPrice / SF:
$143/SF- Added:
- Mar 24, 2026
- Days on Market:
- 62
- Last Refresh:
- Apr 6 at 2:03 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
Listing agent Ahmad Maki Kubba License #595500
Listing office BUXTON PROPERTIES INC (727) 538-0034
Listing date Mar 24, 2026
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.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$84.9K
NOI $7,643 @ 9.00% cap · cautious / downside scenario
Moderate
$109.2K
NOI $7,643 @ 7.00% cap · market / base-case scenario
Aggressive
$152.9K
NOI $7,643 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| 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 Use Scenarios
Best Use
Apartment 5plus
$109.2K
$95.5K – $127.4K
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
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
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7408879
- Latitude
- 28.2213472
Nearby Similar for Sale
FAQs
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.
