Bay Point Apartments

Bay Point Apartments

Price: $ Market Bid

Total Number of Units: 112

Address: 11431 Cockle Drive, Port Richey, FL 34668, USA

  • $205,357 (41%) potential increase in end of year one Net Operating Income
  • $126,672 in-place loss-to-lease

Opportunity to execute value-add business strategy:

  • Add washer/dryer connections in the remaining 15 units 
  • Add washer/dryer appliances in 112 units
  • Finish in-place flooring premium package 
  • Reface kitchen cabinets and update lighting package
  • Potential to add dog park or community pool on low-density parcel
  • Potential to build additional units
  • Low-density parcel of 9.82 +/- units per acre

Call for Offers: Thursday, November 29 by 5:30 pm EST

Lead Agent(s): Cameron S. Barbas

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Location Highlights

  • Six minutes to Gulfview Square Mall
  • Located directly off highway US-19 which sees over 60,000 cars per day and serves as a major north-south artery for the region
  • 97.0% average occupancy with minimal units under construction for the entire West Pasco/Hernando County submarket, according to RealPage

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