USAFLNew Port RicheyTampa Tarpon Spgs Land Co5100 South Rd
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$498,990

For Sale

A year ago

5100 South Rd, New Port Richey, FL

MLS® TB8370544

3 Bed

5 Bath

2753 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2753 sqft
Garage No
Taxes $5,455
Days Active 348
Lot Size 0.34 acres
Approx. Age 1956
Avg. Price Per Sqft $181
MLS® Number TB8370544

Property Address: 5100 South Rd, NEW PORT RICHEY, FL, 34652-2419

Average square foot calculated using Size range provided by listing agent.

Description

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! 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.
MLS® NumberTB8370544
Laundry LevelCommon Area, Laundry Room
Central VacNo
FireplaceNo
Acreage0.34
Exterior
GarageNo
Approx. Age1956
Basement
DrivewayAssigned, Curb Parking, Guest
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 4, 2025List Date
$498,990List Price
  • Commute

Commute

Starting Address
Destination Address
5100 South Rd, NEW PORT RICHEY, FL

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