11705 ENTERPRISE DRIVE PORT RICHEY FL 34668 MLS #W7860666

11705 ENTERPRISE DRIVE
PORT RICHEY, FL, 34668
$7,500,000
98 Beds
53 Baths
39,810 SqFt
0.13 Acres
$7,500,000
11705 ENTERPRISE DRIVE
PORT RICHEY, FL, 34668
Package Deal – Turnkey 32 Single Family House Rental Portfolio in Pasco owned by one owner. Fully rented, very stable and well maintained. Most tenants average lease term has been 5+ years. 24 properties on month to month leases and room to easily bump rents another 10%. Monthly gross over $50K. NOI $475K after all expenses currently. Roughly 6.5% cap rate at current rents listed below are actual rents, not expected, Profoma rents will give you roughly a cap rate of 7.3%+. 28 Roofs updated, 28 HVACs updated, all windows updated, 20 Kitchens updated, 22 Main Baths updated. Most major items been recently renovated to keep maintenance costs down. Various pictures from the properties showing general condition of kitchens, bathrooms, common rooms, exterior etc. Property breakdown in attached spreadsheet showing property address, year of each update, current rent and expenses. Seller reserves the right to sell individually or as a package. Buyer to verify all data.

Property Details

Price:
$7,500,000
MLS #:
W7860666
Status:
Active
Beds:
98
Baths:
53
Address:
11705 ENTERPRISE DRIVE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
GULF HIGHLANDS
City:
PORT RICHEY
Listed Date:
Dec 29, 2023
State:
FL
Finished Sq Ft:
39,810
ZIP:
34668
Lot Size:
5,663 sqft / 0.13 acres (approx)
Year Built:
1977

Schools

Interior

Appliances
Dishwasher, Microwave, Range, Refrigerator
Bathrooms
51 Full Bathrooms, 5 Half Bathrooms
Cooling
Central Air
Flooring
Ceramic Tile, Vinyl
Heating
Central, Electric
Laundry Features
Inside

Exterior

Construction Materials
Block, Wood Frame
Exterior Features
Private Mailbox
Roof
Shingle

Financial

Buyer Agent Compensation
100000%
Tax Year
2022
Taxes
$1,830
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11705 ENTERPRISE DRIVE
PORT RICHEY, FL