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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.

Features
Central, Electric, Wall Units / Window Unit
Central Air, Wall/window Unit(s)
Yes
Unfurnished
Refrigerator, Electric Water Heater, Range, Tankless Water Heater
Lighting, Private Mailbox, Outbuilding
Ceramic Tile
Open Floorplan, Thermostat, Built-in Features, Ceiling Fan(s)
Laundry Room, Common Area
Assigned, Guest, Curb Parking
Other
Septic Tank
Cable Connected, Electricity Connected, Street Lights, Water Connected, Fire Hydrant
Address Map
FL
Pasco
NEW PORT RICHEY
34652
5100 SOUTH ROAD
0
W83° 16' 12.6''
N28° 14' 45.7''
US Hwy 19 to East on South Rd.
TAMPA TARPON SPGS LAND CO
Additional Info
FUTURE HOME REALTY INC
Susan McGowan
Block, Stucco, Concrete
1
Slab
Gulf High-PO
12 Months
One
261537370
260011623
Gulf Middle-po
1
Other
Completed
No
$5,455
2024
Public
R1MH
04/04/2025 18:36:35
$0

5100 SOUTH ROAD, NEW PORT RICHEY, Florida 34652

5100 SOUTH ROAD, NEW PORT RICHEY, Florida 34652

3 Bedrooms
2,753 Sqft
$675,000
Listing ID #TB8370544
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : TB8370544
Price : $675,000
Bedrooms : 3
Square Footage : 2,753 Sqft
Year Built : 1956
Lot Area : 15,000 Sqft
Standard Status : Active
MLS Status : Active
Property Type : Multi Family
Contact Agent
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