Price change

5100 SOUTH Rd, New Port Richey, FL 34652

Beds
3
Baths
5
Sqft
2,753

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Listed byFuture Home Realty Inc
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Overview

PRICE IMPROVEMENT!! Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $45k a year!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! Fire house next door is now completed. 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). This investment has 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.

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
3
Number of bathrooms
5
Square feet
2,753
Lot size (acres)
0.34
Year built
1956

Interior features

Laundry
Common Area, Laundry Room

Exterior features

Horse amenities
Stable

Utilities

Heating
Electric, Central
Cooling
Wall/window unit(s), Central Air
Sewer
Septic System
Water
Public Water

Taxes

Tax Annual Amount (2024)
$5,455

Public schools

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Sourced from: Stellar MLS MLS®#: TB8370544 Last checked:

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