Description
PRICE IMPROVEMENT!! Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $45k a year!! 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). This investment has 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.
Details
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Property ID TB8370544
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Price $479,900
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Land Area 0.34 Acres
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Bedrooms 3
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Bathrooms 5
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Year Built 1956
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Property Type Multi-Family 5+, Residential Income
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Property Status Active
Additional details
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Roof Other
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Utilities Cable Connected, Electricity Connected, Fire Hydrant, Water Connected
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Sewer Septic Tank
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Cooling Central Air, Wall/Window Unit(s)
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Heating Central, Electric, Ductless
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Flooring Ceramic Tile
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County Pasco
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Property Type Residential Income
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Parking Assigned, Curb Parking, Guest
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Middle School Gulf Middle-PO
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High School Gulf High-PO
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Community Features Street Lights
Address
Open on Google Maps-
Address: 5100 SOUTH ROAD
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City: New Port Richey
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State/county: FL
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Zip/Postal Code: 34652
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Country: US
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What's Nearby?
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- Restaurants
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Npr (0.18 mi)
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En La Madre Leon (0.19 mi)
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Country Pizza & Italian Grill (0.2 mi)