4954 Bitner Street, New Port Richey, FL 34652

New Port Richey
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
4954 Bitner Street,New Port Richey, FL 34652
$2,800,000
  • 53 Beds
  • 40 Baths
  • 801 sq. ft.
  • Single family
  • Active
Listed by: nicholas vavoulis
Office: re/max marketing specialists
MLS#:W7885459
Source:MFRMLS

Price summary

  • Price:$2,800,000
  • Price per sq. ft.:$2,575.9
  • Monthly HOA dues:$308

About this home

New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. Turnkey multifamily investment. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate. 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....

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Home facts

  • Year built:1973
  • Subdivision & Development:NEW PORT COLONY
  • Listing ID #:W7885459
  • Added:110 day(s) ago
  • Updated:August 23, 2026 at 03:28 PM

Rooms and interior

  • Bedrooms:53
  • Total bathrooms:40
  • Full bathrooms:40
  • Flooring:Carpet, Ceramic Tile, Tile
  • Kitchen Description:Refrigerator
  • Living area:801 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1973
  • Building area:801 sq. ft.
  • Construction Materials:Block, Stucco
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,800,000
  • Price per sq. ft.:$2,575.9
  • Tax amount:$1,080 (2025)

Features and amenities

  • Appliances:Dryer, Refrigerator, Washer
  • Laundry features:Dryer, Inside, Washer
  • Amenities:Cable Available, Cable Connected, Ceiling Fans(s), Maintenance
  • Pool features:Indoor, Private Pool

Parking

  • Parking description:Attached Garage
  • Garage:Yes
  • Garage spaces:1
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