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- LoopNet Team
7541 Highwater Dr
New Port Richey, FL 34655
Regatta at Trinity · Multifamily Property For Sale
·
152 Units
INVESTMENT HIGHLIGHTS
- Well Located Community with Direct Frontage to S.R. 54
- Exponential Market Growth
- Value-Add Opportunity to Capitalize on Below Market Rents and Largely Partially Renovated Units
- Quick Access to Downtown Tampa
- Major Capital Improvements by Seller
- Immediate Ability to Generate Additional Revenue
PROPERTY FACTS
| No. Units | 152 | Lot Size | 13.34 AC |
| Property Type | Multifamily | Building Size | 135,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2019 |
| Building Class | B | Parking Ratio | 1.62/1,000 SF |
| Zoning | MF1 - Multi-Family Residential | ||
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 13.34 AC |
| Building Size | 135,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2019 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | MF1 - Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Tennis Court
- Basketball Court
- Maintenance on site
- Smoke Detector
ABOUT 7541 HIGHWATER DR , NEW PORT RICHEY, FL 34655
Cushman & Wakefield, as exclusive advisor, is pleased to present Worthington Court, a 152-unit value-add garden community in New Port Richey, Florida. Completed in 1985, the property sits on over 13 acres, providing a low density setting of only 11 units per acre. Worthington Courts’ location within New Port Richey is ideally located and central to some of the largest metros in Florida including Orlando, Tampa and Pasco County. The property has frontage with over 42,000 VPD and minutes from major retail, Medical Center of Trinity, and the Veteran’s Expressway providing a 30-minute commute to Tampa. Please click the link below to register and gain access to the Document Center: https://multifamily.cushwake.com/Listings/WorthingtonCourt
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 658 |
| 2+2 | 128 | - | 916 |
PROPERTY TAXES
| Parcel Number | 22-26-16-0000-00200-0010 | Improvements Assessment | $9,484,542 |
| Land Assessment | $5,016,000 | Total Assessment | $14,500,542 |
PROPERTY TAXES
