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9715 Palm Ave 7 Unit Apartment Building $1,300,000 ($185,714/Unit) Port Richey, FL 34668
EXECUTIVE SUMMARY
*Please do not enter the property w/o an Apt.*
9715 Palm Ave is a fully occupied 7-unit multifamily property located just off the busy US-19 Retail Corridor in Port Richey, FL. Each residence features a desirable 2BR/2BA layout with efficient floor plans and private parking, delivering a straightforward, low-maintenance operation supported by strong tenant demand.
The property’s clean curb appeal, practical unit mix, and stable occupancy make it ideal for a durable, cash-flowing hold. Investors may also unlock value-add upside through light interior upgrades, professional expense optimization, and ancillary income opportunities (pet rent, parking fees, etc.).
The location benefits from consistent renter demand fueled by nearby retail, healthcare, and service-sector employers across Pasco County. Surrounded by significant redevelopment — including Gulf View Square Mall’s planned 400+ residential units, Downtown New Port Richey’s revitalization, and HCA Bayonet Point Hospital’s expansion — the submarket is positioned for continued growth and long-term appreciation.
Regional Access & Lifestyle Proximities
Walking distance ? Gulf View Square Mall
10 min ? Historic Downtown New Port Richey
15 min ? Tarpon Springs Sponge Docks
30–40 min ? MLB Spring Training (Yankees, Phillies, Blue Jays)
35 min ? Tampa Premium Outlets
40 min ? Clearwater & Indian Shores beaches
40 min ? Raymond James Stadium (Tampa Bay Buccaneers)
45 min ? Tampa International Airport
9715 Palm Ave is a fully occupied 7-unit multifamily property located just off the busy US-19 Retail Corridor in Port Richey, FL. Each residence features a desirable 2BR/2BA layout with efficient floor plans and private parking, delivering a straightforward, low-maintenance operation supported by strong tenant demand.
The property’s clean curb appeal, practical unit mix, and stable occupancy make it ideal for a durable, cash-flowing hold. Investors may also unlock value-add upside through light interior upgrades, professional expense optimization, and ancillary income opportunities (pet rent, parking fees, etc.).
The location benefits from consistent renter demand fueled by nearby retail, healthcare, and service-sector employers across Pasco County. Surrounded by significant redevelopment — including Gulf View Square Mall’s planned 400+ residential units, Downtown New Port Richey’s revitalization, and HCA Bayonet Point Hospital’s expansion — the submarket is positioned for continued growth and long-term appreciation.
Regional Access & Lifestyle Proximities
Walking distance ? Gulf View Square Mall
10 min ? Historic Downtown New Port Richey
15 min ? Tarpon Springs Sponge Docks
30–40 min ? MLB Spring Training (Yankees, Phillies, Blue Jays)
35 min ? Tampa Premium Outlets
40 min ? Clearwater & Indian Shores beaches
40 min ? Raymond James Stadium (Tampa Bay Buccaneers)
45 min ? Tampa International Airport
PROPERTY FACTS
| Price | $1,300,000 | Lot Size | 2.66 AC |
| Price Per Unit | $185,714 | Building Size | 7,550 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | MF2 | ||
| Price | $1,300,000 |
| Price Per Unit | $185,714 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.66 AC |
| Building Size | 7,550 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2006 |
| Opportunity Zone |
Yes |
| Zoning | MF2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 7 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 21-25-16-0010-00900-0030 | Improvements Assessment | $515,178 |
| Land Assessment | $55,899 | Total Assessment | $571,077 |
PROPERTY TAXES
Parcel Number
21-25-16-0010-00900-0030
Land Assessment
$55,899
Improvements Assessment
$515,178
Total Assessment
$571,077
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9715 Palm Ave
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