INVESTOR SPECIAL – BIG HIT IN NEW PORT RICHEY! 3BD/2BA | 1,099 Sq Ft | Carport | ARV $240K

Solid value-add opportunity in New Port Richey! This vacant 3-bedroom home is ready for renovation and offers excellent upside for an investor. Recent renovated sales in the surrounding area support the potential here, including nearby homes selling in the $235K–$255K range.

Property is subject to a City of New Port Richey code enforcement lien accruing at $150/day. Buyer will be responsible for bringing the property into compliance and resolving the lien. Upon completion of renovations and obtaining compliance, the lien may be eligible for a substantial reduction through the City’s lien reduction process.

Property Highlights:

• 3 Bedrooms

• 1 Bathroom

• 1,099 Sq Ft

• 6,751 Sq Ft Lot

• Concrete Block Construction

• Carport

• Open Living Area

• Built in 1957

• Vacant

• Needs Renovation

• ARV: $240,000

• Estimated Renovation: $45,000

Recent Comps:

• 5808 Massachusetts Ave – 3BD/2BA | 1,192 Sq Ft | Sold $250,000

• 4929 Largo Terrace – 3BD/2BA | 1,184 Sq Ft | Sold $249,900

• 7139 Pinewood Drive – 3BD/2BA | 1,176 Sq Ft | Sold $235,000

• 5731 Michigan Avenue – 2BD/1BA | 935 Sq Ft | Sold $255,000

Location Highlights:

Located in New Port Richey with convenient access to shopping, dining, parks, and major roadways, with access toward Tampa, Clearwater, and St. Petersburg.

DISCLAIMER

• Property is subject to a City of New Port Richey code enforcement lien accruing at $150/day. Buyer will be responsible for bringing the property into compliance and resolving the lien. Upon completion of renovations and obtaining compliance, the lien may be eligible for a substantial reduction through the City’s lien reduction process.
• Approximately 2–3 months for closing.
• Selling as-is.
• Buyer is responsible for all closing costs and title insurance.
• Strongly prefer to use Manzo & Associates Title Co as the title company.
• Broker participation is welcome at 3% on top of the purchase price.
• Firm on price. Any offer below asking will not be considered.
• Cash or hard money loans only.