Price Reduced 0.14%
Price History
$499,700
4/4/2025
$499,000
3/2/2026
5100 SOUTH ROAD, New Port Richey, FL, 34652
3 beds
1956
2,753 sqft
PRICE IMPROVED!! 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). 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 nice Cap rate! Don't delay. Call today to set up a viewing of this fantastic investment property.
Status:
Active
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Common Area, Laundry Room
Units:
5
Subdivision:
TAMPA TARPON SPGS LAND CO
Garage:
Assigned, Curb Parking, Guest
Heating:
Central, Electric, Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Acreage:
0.34
Est. Taxes:
$5,455
Construction
Block, Concrete, Stucco
Utilities
Cable Connected, Electricity Connected, Fire Hydrant, Street Lights, Water Connected
Middle School:
Gulf Middle-PO
High School:
Gulf High-PO
Days on Market:
330
Pet Policy:
Yes
Appliances:
Electric Water Heater, Range, Refrigerator, Tankless Water Heater
Lease Term Type:
12 Months
MLS #:
TB8370544
Community Info
School Info
Walk Score
Yelp
Listing courtesy of FUTURE HOME REALTY INC 813-855-4982