5100 SOUTH NEW PORT RICHEY, FL 34652, New Port Richey , 34652
Listing ID: MFRTB8370544
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$675,000
Price
3
Bed
5
Bath
2,753
Sq. Ft.
Built: 1956
Data last updated: April 16, 2025 at 06:16am
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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.

House located at 5100 SOUTH NEW PORT RICHEY, FL 34652. It has 3.00 beds, 5 bathrooms, and is 2753 square feet. The property was built in 1956. 5100 SOUTH NEW PORT RICHEY, FL 34652 is in the 34652 - New Port Richey neighborhood. 34654 - New Port Richey, 34655 - New Port Richey/Seven Springs/Trinity, and 34652 - New Port Richey are nearby neighbourhoods.
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Agent Contact: Susan Schmidt McGowan Phone:
Listing Courtesy of: Future Home Realty Inc
Source: stellarMLS , MLS#: MFRTB8370544

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2276.66
Monthly
540000
Total Mortgage
135000
Down Payment