4954 BITNER STREET, NEW PORT RICHEY, FL 34652

Description of 4954 BITNER STREET, NEW PORT RICHEY, FL 34652

New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. If you've been searching for a turnkey multifamily investment that truly checks every box, New Port Colony deserves your full attention. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate — and once you understand what's included, it's easy to see why. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Every unit has been updated and comes equipped with central heating and air. And here's what really sets this property apart: all 36 units have their own private garage — washer/dryer hookups in the garage of each unit. Residents get their own parking and their own laundry, all tucked right outside their door. There's a pool, shuffleboard, and a neighborhood feel that residents take pride in. Residents have the option to join the Gulf Harbors Beach Club — one of the only private Gulf-front beach clubs in the area — for just $200 a year. It's a small cost that adds a lifestyle element most apartment communities simply can't offer. Day-to-day living is easy. Groceries, restaurants, shopping, and medical facilities are all close by, which matters a great deal to the 55+ residents who call this place home. The 55+ demographic is one of the most stable tenant bases in residential real estate — low turnover, consistent payment history, and genuine pride of residency. New Port Colony reflects all of that. Strong returns, updated units, a private garage, and a beach club down the road.

Property Details for 4954 BITNER STREET, NEW PORT RICHEY, FL 34652

Interior Features

Ceiling Fan(s)

Appliances

Dryer, Refrigerator, Washer

Flooring

Carpet, Ceramic Tile, Tile

Heating

Central

Cooling

Central Air

Garage Spaces

1

Attached Garage

Yes

Pool Features

Indoor

Pool Private

Yes

Building Information for 4954 BITNER STREET, NEW PORT RICHEY, FL 34652

Building Area Total

1087

Building Area Units

Square Feet

Association

Yes

Association Fee

$308

Association Fee Frequency

Monthly

Association Amenities

Maintenance

Pets Allowed

Dogs OK, Yes

Property Information for 4954 BITNER STREET, NEW PORT RICHEY, FL 34652

Waterfront

No

View

No

Construction Materials

Block, Stucco

Roof

Shingle

Exterior Features

Other

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 4954 BITNER STREET, NEW PORT RICHEY, FL 34652

Parcel Number

162607014.D025.01016.0

Tax Annual Amount

$1,080

Tax Year

2025

Tax Legal Description

NEW PORT COLONY FIFTH WAY UNREC PLAT PCL 1016 BLOCK 25 DESC AS:COM AT SE COR OF SEC TH N01DEG21'15"E 1641.91 FT TH S89DEG56' 13"W 224.57 FT TH N00DEG03' 47"W 168.65 FT FOR POB TH N89DEG38' 45"W 28 FT TH N00DEG21' 15"E 22.67 FT TH S89 DEG38' 45"E 13.3 3 FT TH N00DEG 21' 15"E 13.33 FT TH S89DEG38' 45"E 28 FT TH S00DEG21' 15"W 13.33 FT TH N89DEG38' 45"W 13.33 FT TH S00DEG21' 15"W 22.67 FT TO POB (X)

Zoning

MF1

County Or Parish

Pasco

Payment Calculator

Location