8825 Lazy River Loop NEW, Port Richey, FL 34655 listing details

Do not go on the property without the Listing Agent. Locked Gated Community. This is an exiting 45 unit Building with approvals for 150 more. Sawgrass Creek, located on approximately 13.79 acres, consists of three buildings with 15 units in each building for a total of 45 units with two additional phases that could be added. Phase I has a mix of one-bedroom plus den, two-bedroom plus den, and three-bedroom units. It was built in 2009 as a condominium community that features spacious units with high-end finishes. Now Sawgrass Creek is a rental property that has an annual occupancy above 93%. Sawgrass Creek Apartments is designed around the resident’s needs and desires. It is a gated community, featuring an outdoor pool with sun deck. Additional site amenities include lawn irrigation system, walking trails, elevator buildings and on-site property management. Buyer to verify everything as this is an uneven lot currently taxed as condos. Sawgrass Creek is planned for an additional 150 units through two phases. Phase II is planned for one 50 unit five story building with a mix of 1, 2 and 3 bedroom units. Phase III is a one 100 unit five story building with a mix of 1 and 2 bedroom units. In Phase II, a Community Building is planned to add a leasing office, fitness center, lounge, coffee bar and conference room. The pool area is planned to be expanded to add a larger sun deck, shade trellis, grill and fireplaces. At completion of Phase III, Sawgrass Creek will be 195 total units.