5100 SOUTH ROAD at

5100 SOUTH ROAD

For sale Days on market 325

$499,749

$182/sq ft

$175,251
Price Decreased

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Overview

Bedroom

Year Built

1956

Sqft

2753

Property Description

PRICE IMPROVED!! 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). 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 nice Cap rate! Don't delay. Call today to set up a viewing of this fantastic investment property.

Property Details

MLS#

TB8370544

Address

5100 SOUTH

City

New Port Richey

State/county

Zip/Postal Code

34652

Area

Tampa Tarpon Spgs Land Co

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$5,455

Maint Fee

$--

Tax Year

2024

Electric Water Heater

Range

Refrigerator

Tankless Water Heater

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