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Bryan Fangman

bryan@precisionapproachrealty.com +1(407) 513-2124

$ 625,000

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Price Dropped by $24K

5100 SOUTH RD New Port Richey, FL 34652

3 Beds

5 Baths

2,753 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,753 sqft

Price per Sqft $227

Subdivision Tampa Tarpon Spgs Land Co

MLS Listing ID TB8370544

Bedrooms 3

Construction Status Completed

HOA Y/N No

Year Built 1956

Annual Tax Amount $5,455

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Multi Family

Source Stellar MLS

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.

Location

State FL

County Pasco

Community Tampa Tarpon Spgs Land Co

Area 34652 - New Port Richey

Zoning R1MH

Interior

Interior Features Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat

Heating Central, Electric, Ductless

Cooling Central Air, Wall/Window Unit(s)

Flooring Ceramic Tile

Furnishings Unfurnished

Fireplace false

Appliance Electric Water Heater, Range, Refrigerator, Tankless Water Heater

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Outbuildings, Lighting, Private Mailbox

Parking Features Assigned, Curb Parking, Guest

Community Features Street Lights

Utilities Available Cable Connected, Electricity Connected, Fire Hydrant, Water Connected

Roof Type Other

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Septic Tank

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Construction Status Completed

Schools

Middle Schools Gulf Middle-Po

High Schools Gulf High-Po

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8370544

Listed by FUTURE HOME REALTY INC

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Bryan Fangman

Broker / Owner | License ID: BK679904

+1(407) 513-2124

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Bryan Fangman

5100 SOUTH RD New Port Richey, FL 34652

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5100 SOUTH RD