$675,000
For Sale

5100 SOUTH ROAD

New Port Richey, FL 34652
3 beds | 0.34 acres | #TB8370544
Browse 55 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

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

Renaissance Realty MainReal Estate Group
OR

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