Package Deal - Turnkey 32 Single Family House Rental Portfolio in Pasco owned by one owner. Fully rented, very stable and well maintained. Most tenants average lease term has been 5+ years. 24 properties on month to month leases and room to easily bump rents another 10%. Monthly gross over $50K. NOI $475K after all expenses currently. Roughly 6.5% cap rate at current rents listed below are actual rents, not expected, Profoma rents will give you roughly a cap rate of 7.3%+. 28 Roofs updated, 28 HVACs updated, all windows updated, 20 Kitchens updated, 22 Main Baths updated. Most major items been recently renovated to keep maintenance costs down. Various pictures from the properties showing general condition of kitchens, bathrooms, common rooms, exterior etc. Property breakdown in attached spreadsheet showing property address, year of each update, current rent and expenses. Seller reserves the right to sell individually or as a package. Buyer to verify all data.
This property is $7.2M more than the Median Sold Price and $3/SqFt less than other homes in Port Richey, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #W7860666
Listing Office:
Office Name: DALTON WADE INC
Office Phone: (888) 668-8283
Listing Agent: Robert Bello, JR
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 4/29/2024, 11:19:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 11, 2015
Mar 11, 2015Home Sold
$31,000
Sep 19, 2006
Sep 19, 2006Home Sold
$142,100
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$1,461
$95,514
2019
$1,358
$61,450
2018
$1,196
$55,869
2017
$1,090
$58,125
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$37.5K
Per Month
Principal & Interest
$37.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$22.5K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
1
/10
Gulf Highlands Elementary School
8019 Gulf Highlands Dr
Distance between this listing and this school0.67 miles
Public District Grades PK-5
Middle School
2
/10
Bayonet Point Middle School
11125 Little Rd
Distance between this listing and this school1.44 miles
Public District Grades 6-8
High School
3
/10
Fivay High School
12115 Chicago Ave
Distance between this listing and this school1.93 miles
Public District Grades 9-12
6
/10
Pasco Eschool-Virtual Franchise
3023 Sunlake Blvd
Distance between this listing and this school14.09 miles
Public District Grades 6-12
Assigned Schools
1
/10
Gulf Highlands Elementary School
8019 Gulf Highlands Dr
Distance between this listing and this school0.67 miles
Public District Grades PK-5
Nearby Schools
3
/10
Schrader Elementary School
11041 Little Rd
Distance between this listing and this school1.73 miles
Public District Grades PK-5
1
/10
Fox Hollow Elementary School
8309 Fox Hollow Dr
Distance between this listing and this school1.90 miles
Public District Grades PK-5
Assigned Schools
2
/10
Bayonet Point Middle School
11125 Little Rd
Distance between this listing and this school1.44 miles
Public District Grades 6-8
Nearby Schools
7
/10
Dayspring Academy
8911 Timber Oaks Ave
Distance between this listing and this school1.64 miles
Public Charter Grades KG-8
3
/10
Chasco Middle School
7702 Ridge Rd
Distance between this listing and this school3.24 miles
Public District Grades 6-8
Assigned Schools
3
/10
Fivay High School
12115 Chicago Ave
Distance between this listing and this school1.93 miles
Public District Grades 9-12
6
/10
Pasco Eschool-Virtual Franchise
3023 Sunlake Blvd
Distance between this listing and this school14.09 miles
Public District Grades 6-12
Nearby Schools
5
/10
Hudson High School
14410 Cobra Way
Distance between this listing and this school3.95 miles
The neighbors living near this home have an average income of $38,128. Typical income of Port Richey, FL residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11705 Enterprise Dr
What is the listing price of this property?
The listing price of 11705 Enterprise Dr property is $7,500,000.
What type of property is this?
The property 11705 Enterprise Dr is a house located in Port Richey, Florida, 34668.
Is this property for sale now?
Active Listing: 11705 Enterprise Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 11705 Enterprise Dr are: Gulf Highlands Elementary School: GreatSchools Rating 1/10Bayonet Point Middle School: GreatSchools Rating 2/10Fivay High School: GreatSchools Rating 3/10Pasco Eschool-Virtual Franchise: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,461 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 11, 2015 for $31,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 11705 Enterprise Dr has 98 bedrooms and 51 full and 5 half bathrooms.
What is the square footage of this property?
The property 11705 Enterprise Dr is 39,810 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 11705 Enterprise Dr is 1977.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 11705 Enterprise Dr in Port Richey, FL and zip code 34668 in the Bayonet Point neighborhood. This 39,810 square foot home, which was built in 1977, sits on a 0.13 acre lot. Features: 98 bedrooms, 56 bathrooms. It has been listed on Rocket Homes since December 29, 2023 and is currently priced at $7,500,000.
Over 14 listings were sold over their listed price in March 2024 in Port Richey, FL. In the same period over 50 listings were sold below the listed price and 18 listings were sold for the listed price. Between February 2024 and March 2024, Port Richey, FL real estate market has seen increase in the number of listings by 1.4%. Listings spent 57 days on the market in March 2024, and had a median list price of $240,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Pro Boxing
Pro Boxing
Horse Races
NHRA Drag Racing
Family Dollar
Stein Mart
Big Lots
White Castle
LongHorn Steakhouse
Golden Corral
Chevrolet
Buick
Kia
Rock
Contemporary Inspirational
Adult Standards