Julia Court Apartments
6906 Julia Court, New Port Richey, FL
10.42% return
LP:
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Property Description

Awesome added value opportunity in hot Tampa MSA. 24 units, 52k a door. Property located in beautiful residential subdivision. A rare below market value opportunity. Additional 3bed/2bath house for free with full priced offer. Call us for more info!

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units25
  • Total bedrooms41
  • Total bathrooms26
  • Building size21063 sq. ft.
  • Lot size1.8 acres
  • Year built1962-1983
  • CountyPasco County
  • Subdivision
  • ConstructionCBS
  • RoofShingle, SHINGLE
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral

Property Financial Summary

  • Asking price $1,250,000
  • Estimated rehab 1 $250,000
  • Total investment $1,500,000
  • Type Proforma
  • After repair value $2,000,000
  • Potential profit $500,000
  • Gross income (annually) $207,480
  • Operating expenses (annually) $51,177
  • Net income (annually) $156,303
  • Gross return 13.83%
  • Gross income (monthly) $17,290
  • Operating expenses (monthly) $4,265
  • Net income (monthly) $13,025
  • Net return 10.42%

Property Income & Expenses

  • Income
  • Unit 6906: 2 bed / bath $700/month
  • Unit 6907: 1 bed / bath $575/month
  • Unit 6908: 2 bed / bath $690/month
  • Unit 6909: 2 bed / bath $725/month
  • Unit 6910: 1 bed / bath $650/month
  • Unit 6911: 2 bed / bath $725/month
  • Unit 6912: 2 bed / bath $725/month
  • Unit 6913: 1 bed / bath $625/month
  • Unit 6914: 2 bed / bath $725/month
  • Unit 6915: 2 bed / bath $725/month
  • Unit 6916: 1 bed / bath $625/month
  • Unit 6917: 2 bed / bath $725/month
  • Unit 6918: 1 bed / bath $650/month
  • Unit 6919: 2 bed / bath $725/month
  • Unit 6920: 1 bed / bath $625/month
  • Unit 6921: 2 bed / bath $700/month
  • Unit 6922: 1 bed / bath $600/month
  • Unit 6923: 1 bed / bath $625/month
  • Unit 6924: 1 bed / bath $625/month
  • Unit 6925: 2 bed / bath $725/month
  • Unit 6926: 1 bed / bath $625/month
  • Unit 6927: 2 bed / bath $725/month
  • Unit 6929: 2 bed / bath $750/month
  • Unit 6931: 2 bed / bath $750/month
  • Unit SFR: 3 bed / bath $950/month
  • Total $17,290/month
  • Expenses
  • Property Taxes $1,118/month
  • Insurance $797/month
  • Maintenance reserve $1,250/month
  • Lawn care $100/month
  • Water and Sewer $1,000/month
  • Total $4,265/month

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