Additional Details

• Important Details: --> Vacant at close --> HOA is 458/mo (Covers water, trash, cable/internet, exterior maintenance) --> Flood Zone X (no flood zone insurance required) --> No rental restrictions
• Features: This 2-bedroom, 1-bath, 959 sqft condo built in 1970 is priced under $50K, making it an attractive entry point for investors. It will be delivered vacant at close and, with no rental restrictions, offers a strong dual-threat opportunity as either a flip or long-term hold. The HOA fee of $458/month conveniently covers water, trash, cable/internet, and exterior maintenance, while its location in Flood Zone X means no flood insurance is required. With only easy cosmetic updates needed, this low-risk property combines affordability with flexible investment upside.
• Potential ARV: $110,000-$115,000
• Rehab Description: For a flip or rental, this will need a basic cosmetic facelift. The Roof and AC are covered by the HOA. Modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior fresh paint and deep clean.
• Comparable Rent: $1300-$1500/MO
• Ideal Investment Strategy: Rental/Resale
• Construction: CBS/CONDO
• Comp 1: 4229 RAX PL, #4229, NEW PORT RICHEY, FL 34652 2/1 831 SQFT 1971 Build SOLD @ $105,000 5/2/25 (Smaller unit/updated)
• Comp 2: 4266 TAMARGO DRIVE #4266, NEW PORT RICHEY, Florida 34652 2/2 1032 SQFT 1971 Build SOLD @ $110,000 6/2/25 (Bigger/some updates)
• Comp 3: 4252 SHELDON PL, #4252, NEW PORT RICHEY, FL 34652 2/1 831 SQFT 1970 Build SOLD @ $115,000 8/13/25 (Smaller/updated)
• Rental Comp 1: 4230 RICHMERE DR, #4230, NEW PORT RICHEY, FL 34652 2/1 831 SQFT 1971 Build Leased @ $1300/MO 07/01/25 (Smaller/dated)
• Rental Comp 2: 4220 SHELDON PL, NEW PORT RICHEY, FL 34652 2/2 888 SQFT 1970 Build LEASED @ $1550/MO 07/26/25 (Smaller but 2-bed/dated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money