- Multi Family, Residential Income
- 3
- 6
- 0.34 Acres
- 1956
Address
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Address: 5100 SOUTH ROAD
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City: NEW PORT RICHEY
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State/county: FL
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Zip/Postal Code: 34652
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.
Details
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Property ID TB8370544
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Price $549,700.00
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Land Area 0.34 sqft
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Bedrooms 3
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Bathrooms 6
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Garage Size x x
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Year Built 1956
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Type Multi Family, Residential Income
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Property Status Active, For Sale
Additional details
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Roof Other
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Utilities Cable Connected,Electricity Connected,Fire Hydrant,Water Connected
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Sewer Septic Tank
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Cooling Central Air,Wall/Window Unit(s)
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Heating Central,Electric,Ductless
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Flooring Ceramic Tile
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County Pasco
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Property Type Residential Income
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Parking Assigned,Curb Parking,Guest
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Middle School Gulf Middle-PO
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High School Gulf High-PO
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Community Features Street Lights
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