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5432 Cheri Ct
New Port Richey, FL 34652
Cheri Court Townhomes · Multifamily Property For Sale · 28 Units

INVESTMENT HIGHLIGHTS

  • ?Largest Units in Submarket with 8 2 Bed/2 Bath Units and 18 2 Bed/2.5 Bath Townhomes Averaging 1,038 Sq. Ft.
  • ?Ability to Increase Rents Over $270 Through Value-Add Strategies
  • ?Fully Replaced Roof (2019)
  • ?$0.87/SF Current In-Place Rents
  • ?8.30%+ Year-1 Cap Rate
  • ?Double-Digit Cash-On-Cash Return

PROPERTY FACTS

No. Units 28
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.41 AC
Building Size 27,950 SF
Average Occupancy 96%
No. Stories 2
Year Built 1974
Parking Ratio 1.07/1,000 SF
Zoning MF1, New Port Richey

AMENITIES

UNIT AMENITIES

  • Balcony
  • Cable Ready
  • Refrigerator
  • Oven
  • Yard

SITE AMENITIES

  • Laundry Facilities
  • Property Manager on Site
  • Pet Play Area
  • Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 26 - -
Studios 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 17-26-16-0000-03900-0000
  • 17-26-16-0000-03900-0050
  • 17-26-16-0000-03900-0040
Land Assessment
$187,856
Improvements Assessment
$1,586,294
Total Assessment
$1,774,150
  • Listing ID: 23331225

  • Date on Market: 6/8/2021

  • Last Updated:

  • Address: 5432 Cheri Ct, New Port Richey, FL 34652

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