55+ Multifamily Community
For Sale
$3,186,000
4954 BITNER STREET, New Port Richey, FL 34652
Turnkey 36-unit 55+ apartment community with updated units, central HVAC, and in-garage washer/dryer hookups.
Property SizeContact for details
Days on Market96
Property Features for 4954 BITNER STREET
General Information
Standard status
Active
Property subtype
Triplex
Building Details
Year Built
1973
Listing Agency:
RE/MAX MARKETING SPECIALISTS
(727) 234-3743
Listed By:
Nicholas Vavoulis · License #3039347
Source:
Allencollinsrealty
Added: May 4
Changed: Jul 20
Last Checked: Jul 30 at 2:34AM
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 RE/MAX MARKETING SPECIALISTS
Investment Insights
Based on property information with market context.
New Port Colony is a 36-unit multifamily apartment community designed for 55+ residents. The unit mix includes 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Units have been updated and are equipped with central heating and air. Washer/dryer hookups are provided in the private garage for each unit, and residents have parking directly associated with their units.
On-site amenities include a pool and shuffleboard. Residents also have the option to join the Gulf Harbors Beach Club for $200 per year.
The property is presented as a turnkey investment and is reported to be generating a 10% cap rate.
On-site amenities include a pool and shuffleboard. Residents also have the option to join the Gulf Harbors Beach Club for $200 per year.
The property is presented as a turnkey investment and is reported to be generating a 10% cap rate.
Key Highlights
- 36‑unit 55+ multifamily community in New Port Richey, FL (Year Built 1973).
- Unit mix: 19 1‑bedroom/1‑bath, 13 2‑bedroom/1‑bath, and 4 2‑bedroom/2‑bath homes.
- All units reportedly updated with central heating and air.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 34652, FL
26,697
Population
14,700
Households
1.8
Avg Household Size
51
Median Age
20%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,104
Density / Sq Mi
$52,396
Median Household Income
$36,819
Median Earnings
$1,189
Median Rent
$198,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 36-unit 55+ apartment community with updated units, central HVAC, and in-garage washer/dryer hookups.
Where is this apartment building located?
The property is located at 4954 BITNER STREET New Port Richey, FL.
What is the asking price?
The asking price for this property is $3,186,000.
What are key features of this property?
This property features: 36‑unit 55+ multifamily community in New Port Richey, FL (Year Built 1973).; Unit mix: 19 1‑bedroom/1‑bath, 13 2‑bedroom/1‑bath, and 4 2‑bedroom/2‑bath homes.; All units reportedly updated with central heating and air.
