5117 Mallett Drive, Port Richey, FL 34668
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: wendy hoffmann
Office: era american suncoast realty
MLS#:TB8405807
Source:MFRMLS
Price summary
- Price:$428,900
- Price per sq. ft.:$222.46
About this home
Great Investment Opportunity! INSTANT INCOME! UNIT 1 HAS PAYING TENANT (could be vacated if requested), FURNISHED STUDIO IS AVAILABLE, PLUS, THE 1 BED, 1 BATH W/ KITCHEN/LIVING ROOM AVAILABLE TO RENT! Total potential annual earnings approx $50K! This updated versatile multi-unit rental property offers exceptional flexibility and income potential, whether you are looking for a short term rental property for an AirBnB, monthly room rental, or long term rentals -THIS PROPERTY HAS OPTIONS! The first floor (Unit 1) features 3BR/2BA with an updated kitchen & stylish bathrooms, great for long-term tenants. Unit 2: is a charming furnished studio/kitchenette with a separate entrance, great for short-term rental, a guest or owner’s suite. Include it with Unit 1 or Unit 2 to make it an In-Law Suite! - UNIT 1 IS CURRENTLY RENTED OUT! The second floor, (Unit 3) is a nice 1BR/1BA with a kitchen, living room & screened porch! Enjoy quiet evenings by the firepit on this dead end road with a wooded view. The interior & exterior have been nicely updated: granite counters, stainless steel appliances, luxury vinyl & tile flooring, tile bathrooms, paint inside/out & new roof (2020). Plus, there is a storage room. Whether you're looking to expand your rental portfolio, live on-site and rent the rest, or house multiple generations, this property offers endless possibilities. Located in an ideal location, walk to Whiskey River on the water, plus there are other nearby restaurants such as Hooters & Crab Shack. Marinas, shopping & local boating hotspots such as Anclote Key & the Sandbar make it even more appealing! Schedule your showing today!
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Home facts
- Year built:1968
- Listing ID #:TB8405807
- Added:230 day(s) ago
- Updated:February 26, 2026 at 06:53 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Flooring:Ceramic Tile, Luxury Vinyl
- Kitchen Description:Microwave, Range, Refrigerator, Stone Counters
- Living area:1,928 sq. ft.
Heating and cooling
- Cooling:Mini-Split Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Shingle
- Year built:1968
- Building area:1,928 sq. ft.
- Lot area:0.24 Acres
- Construction Materials:Block, Stucco
- Exterior Features:Lighting
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$428,900
- Price per sq. ft.:$222.46
- Tax amount:$4,714 (2024)
Features and amenities
- Appliances:Electric Water Heater, Microwave, Range, Refrigerator
- Amenities:Ceiling Fans(s), Open Floorplan, Stone Counters
- Pool features:Public Pool
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