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11431 Cockle Dr
Port Richey, FL 34668

Bay Point Apartments · Multifamily Property For Sale · 112 Units

PROPERTY FACTS

No. Units 112
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 11.12 AC
Building Size 80,332 SF
No. Stories 2
Year Built 1984
Parking Ratio 2.01/1,000 SF

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Storage Space
  • Washer/Dryer Hookup
  • Eat-in Kitchen
  • Kitchen
  • Vaulted Ceiling
  • High Speed Internet Access
  • Patio

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Walking/Biking Trails
  • Storage Space

About 11431 Cockle Dr , Port Richey, FL 34668

- $223,436 (43%) potential increase in end of year one Net Operating Income - $99,708 in-place loss-to-lease readily being recaptured - Large Geographic Footprint with 11.40 +/- Acres - Roofs Recently Replaced in the Majority of Community - Washer/dryer connections in 97 of the units - Easy upside and access to add washer/dryer connections in the remaining 15 units - Add washer/dryer appliances in 112 units for additional ancillary income - Finish in-place flooring premium package - Reface kitchen cabinets and update lighting package - Potential to add dog park or community pool on low-density parcel - Potential to build 16 additional units

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 09-25-16-0010-03500-0010
  • 09-25-16-0010-03500-0000
  • 09-25-16-0010-03300-0013
Land Assessment
$655,200
Improvements Assessment
$7,359,739
Total Assessment
$8,014,939

zoning

Zoning Code MF2, C2, MF3
MF2, C2, MF3
  • Listing ID: 14973310

  • Date on Market: 1/24/2019

  • Last Updated:

  • Address: 11431 Cockle Dr, Port Richey, FL 34668

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