5100 SOUTH ROAD
NEW PORT RICHEY, FL 34652
| Listing Status: | Active |
| Price: | $665,000 |
| Property Type: | Residential Income |
| Property Subtype: | Multi Family |
| MLS ID: | MFRTB8370544 |
| Year Built: | 1956 |
| Beds: | 3 |
| Sq Ft: | 2,753 |
| Days On Market: | 15 |
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.
Property Features
| Flooring: | Ceramic Tile |
| Furnished Status: | Unfurnished |
| Total Building Square Footage: | 2753 |
| Interior Features: | Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat |
| Cooling System: | Central Air, Wall/Window Unit(s) |
| Heating: | Central, Electric, Wall Units / Window Unit |
| Sewage Type: | Septic Tank |
| Appliances: | Electric Water Heater, Range, Refrigerator, Tankless Water Heater |
| Construction Description: | Block, Concrete, Stucco |
| Exterior Features: | Lighting, Private Mailbox |
| Foundation: | Slab |
| Type Of Roof: | Other |
| Lot Square Footage: | 15000 |
| Parking Description: | Assigned, Curb Parking, Guest |
Location 5100 SOUTH ROAD NEW PORT RICHEY, FL 34652
| Listing Provided By: | FUTURE HOME REALTY INC |
