1. Florida
  2. New Port Richey
  3. 5100 SOUTH ROAD
$625,000

5100 SOUTH ROAD, New Port Richey, FL 34652

  • 3 beds |
  • 5 baths |
  • 2,753 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $227/sqft
  • Property List Date Icon Listed 2 months ago

Property 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.

Listing Status:
Active
Date Added:
April 4, 2025 at 05:00AM
Listing Office:
FUTURE HOME REALTY INC : 813-855-4982
Listing Agent:
Susan McGowan : 813-484-8655
MLS ID:
TB8370544
  • General: Built-in FeaturesCeiling Fan(s)Open FloorplanThermostat
  • Appliances: Electric Water HeaterRangeRefrigeratorTankless Water Heater
  • Laundry: Common AreaLaundry Room
  • Flooring: Ceramic Tile
  • A/C: Central AirWall/Window Unit(s)
  • Heating: CentralElectricWall Units / Window Unit

This listing courtesy of Susan McGowan, FUTURE HOME REALTY INC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Richey Elementary School

6850 Adams St, New Port Richey, FL, 34652

Grades KG-5

1.10 miles away

S

Schwettman Education Center

5520 Grand Blvd, New Port Richey, FL, 34652

Grades 6-12

0.81 miles away

S

Schwettman Education Center

5520 Grand Blvd, New Port Richey, FL, 34652

Grades 6-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.