Property Photos
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  • MLS#: TB8370544 ( Residential Income )
  • Street Address: 5100 South Road
  • Viewed: 7
  • Price: $625,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Bedrooms: 3
  • Total Baths: 5
  • Days On Market: 97
  • Additional Information
  • Geolocation: 28.246 / -82.7298
  • County: PASCO
  • City: NEW PORT RICHEY
  • Zipcode: 34652
  • Subdivision: Tampa Tarpon Spgs Land Co
  • Middle School: Gulf Middle PO
  • High School: Gulf High PO
  • Provided by: FUTURE HOME REALTY INC
  • Contact: Susan McGowan
  • 813-855-4982
  • mfrmls
  • DMCA Notice
  • 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.
Property Features
Appliances
  1. Electric Water Heater
  2. Range
  3. Refrigerator
  4. Tankless Water Heater
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Outbuildings
  2. Lighting
  3. Private Mailbox
Flooring
  1. Ceramic Tile
Furnished
  1. Unfurnished
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
  3. Ductless
High School
  1. Gulf High-PO
Insurance Expense
  1. 0.00
Interior Features
  1. Built-in Features
  2. Ceiling Fans(s)
  3. Open Floorplan
  4. Thermostat
Legal Description
  1. TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
Levels
  1. One
Living Area
  1. 2753.00
Middle School
  1. Gulf Middle-PO
Area Major
  1. 34652 - New Port Richey
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Other
Parcel Number
  1. 16-26-08-001.0-022.00-001.0
Parking Features
  1. Assigned
  2. Curb Parking
  3. Guest
Pets Allowed
  1. Yes
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Other
Sewer
  1. Septic Tank
Tax Year
  1. 2024
Tenant Pays
  1. Electricity
Township
  1. 26
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Fire Hydrant
  4. Water Connected
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8370544
Water Source
  1. Public
Year Built
  1. 1956
Zoning Code
  1. R1MH
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