5100 SOUTH ROAD
New Port Richey, FL 34652
3 beds | 0.34 acres | #TB8370544
Description
This well-maintained multiplex property offers a prime investment opportunity, featuring five fully-leased units that generate consistent income and significant potential for long-term financial growth. Each unit is freshly renovated with new a/c units, water heaters, fully remodeled kitchens, and remodeled bathrooms, appealing to tenants, ensuring a steady cash flow and low vacancy risk. The property is situated in a highly desirable neighborhood of New Port Richey, where demand for rental units remains strong, ensuring high occupancy rates and attractive rental yields. The location is ideal, with easy access to major transportation routes, shopping centers, and other local amenities, making it an even more appealing option for tenants.
The property is in turnkey condition, with regular maintenance and updates that minimize the need for immediate capital expenditures. With a block structure, a separate laundry building, and a newer roof (2020). With a proven track record of delivering strong returns and situated in an area that shows continued growth, this multiplex offers an exceptional chance for investors seeking a stable, income-producing asset with excellent long-term appreciation potential. The current owners are enjoying over a 7% Cap rate! Don't delay. Call today to set up a viewing of this fantastic investment property.
Property Details
- Utility FeaturesCable Connected, Electricity Connected, Fire Hydrant, Street Lights, Water Connected
- InteriorBuilt-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
- Exterior MaterialsOutbuilding(s), Lighting, Private Mailbox
- SubdivisionTAMPA TARPON SPGS LAND CO
- Middle SchoolGulf Middle-PO
- Property TypeMulti-Family
- High SchoolGulf High-PO
- Property SubtypeMulti-Family
- Sewer InformationSeptic Tank
- MLS #TB8370544
- MLS #TB8370544
- Property ConditionCompleted
- Original List Price$675,000
- Utility SourcePublic
- Taxes Annual$5,455
- Cost675000
- CountyPasco
- Acres0.34
- Year Built1956
- FoundationSlab
- Pets AllowedYes
- Days on Market (Cumulative)12
- Bedrooms3
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Renaissance Realty Main
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Susan McGowan (#MFR261537370)
Listing Office: FUTURE HOME REALTY INC (#MFR260011623)

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