8640 Frontier Trl, Port Richey, FL 34668

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Building Details:

8640 Frontier Trl is located in Port Richey, FL.

This is an opportunity to purchase a fractured condominium property in Port Richey, Florida. The Ridge Road Townhome property was built in 1988 and consists of a total of 64 units. The offering consists of 40 of the condominium units (the majority of the remaining units belong to a single investor). Each unit consists of 2 bedrooms and 1.5 baths.
The property was purchased in 2008 by the current owners. They have invested a significant amount of capital to stabilize the project and make it an attractive investment. Furthermore, they have control of the HOA which is stable with money in the bank.
This is a wonderful opportunity for an investor to purchase a stable rental property with below market rents at an extremely low price per square foot. At only $26,250 per unit, this property offers an excellent exit strategy in the sale of the individual townhomes.