5100 SOUTH RD, NEW PORT RICHEY, FL, 34652
$675,000
Residential Income
|
Bedrooms
3
|
Bathrooms
5
|
Living Area
2,753 Sqft
|
Lot Size
15,000 Sqft
|
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 Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8370544 | Year Built: | 1956 | |
| Appliances: | Electric Water Heater, Range, Refrigerator, Tankless Water Heater | Construction Materials: | Block, Concrete, Stucco | |
| Cooling: | Central Air, Wall/Window Unit(s) | Country: | US | |
| Exterior Features: | Outbuilding(s), Lighting, Private Mailbox | Financial Data Source: | Owner | |
| Flooring: | Ceramic Tile | Foundation Details: | Slab | |
| Furnished: | Unfurnished | Heating: | Central, Electric, Wall Units / Window Unit | |
| Laundry Features: | Common Area, Laundry Room | Lease Term: | Twelve Months | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Occupant Type: | Tenant | Other Structures: | Other | |
| Parking Features: | Assigned, Curb Parking, Guest | Pets Allowed: | Yes | |
| Possession: | Close Of Escrow | Property Condition: | Completed | |
| Property Sub Type: | Multi-Family | Property Type: | Residential Income | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Paved | |
| Roof: | Other | Sewer: | Septic Tank | |
| Showing Requirements: | 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, No Lockbox, See Remarks | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Tenant Pays: | Electricity | Utilities: | Cable Connected, Electricity Connected, Fire Hydrant, Street Lights, Water Connected | |
| Water Source: | Public | |||
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