5100 South Road, New Port Richey, FL 34652
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by:susan mcgowan
Office:future home realty inc
MLS#:TB8370544
Source:MFRMLS
Price summary
- Price:$598,900
- Price per sq. ft.:$217.54
About this home
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.
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Home facts
- Year built:1956
- Listing ID #:TB8370544
- Added:189 day(s) ago
- Updated:October 11, 2025 at 11:52 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:6
- Living area:2,753 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central, Ductless, Electric
Structure and exterior
- Year built:1956
- Building area:2,753 sq. ft.
- Lot area:0.34 Acres
Schools
- High school:Gulf High-PO
- Middle school:Gulf Middle-PO
Utilities
- Water:Public, Water Connected
- Sewer:Septic Tank
Finances and disclosures
- Price:$598,900
- Price per sq. ft.:$217.54
- Tax amount:$5,455 (2024)
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