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5100 SOUTH ROAD, NEW PORT RICHEY, FL 34652
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$549,850
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Home Details for 5100 SOUTH ROAD
Price
$549,850
Type
Multi Family
Bedrooms
3
Total Bathrooms
6
Year Build
1956
Sq. Ft.
2753
Lot Size
0.34
County
Pasco
Tax
$5,455
MLS®️ Listing#
TB8370544
On exitrealty.com
260 days
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.
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- Utilities
- Cable Available
- Cable Connected
- Electricity Connected
- Water Connected
- Heating Information
- Central
- Electric
- Ductless
- Cooling Information
- Central Air
- Wall/Window Unit(s)
- House Interior
- Built-in Features
- Open Floorplan
- Parking
- Assigned
- Guest
- Water Features
- Public
Listing Courtesy: FUTURE HOME REALTY INC - 813-855-4982
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-12-08 17:01:21
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