5432 Cheri Ct | New Port Richey, FL 34652
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This Multifamily Property is no longer advertised on LoopNet.com.
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 | Building Size | 27,950 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | MF1, New Port Richey | ||
| 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
| Parcel Numbers |
Multiple
|
Improvements Assessment | $1,586,294 |
| Land Assessment | $187,856 | Total Assessment | $1,774,150 |
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
The North Elfers Multifamily Property at 5432 Cheri Ct, New Port Richey, FL 34652 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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