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 statusSold
  • 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

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for the this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Property Flyer

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