5622-5640 MISSOURI AVE, NEW PORT RICHEY, FL, 34652
$1,900,000
Commercial Sale
|
Living Area
6,378 Sqft
|
Lot Size
22,651 Sqft
|
Well-maintained 8-unit multifamily property located in the heart of downtown New Port Richey. The asset consists of four separate 2-unit buildings situated on an oversized lot, offering strong in-place income with long-term upside. The property is fully occupied with stable annual leases in place. Recent improvements include new roofs (2025) and fresh exterior paint (2025), with many units already updated. Several units remain below market rents, providing a clear path for future income growth. Current gross rents are $131,400 annually. Ideally positioned just minutes from the vibrant downtown corridor, riverfront, parks, restaurants, and retail, making this an attractive option for both tenants and investors.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8503245 | Year Built: | 1979 | |
| Construction Materials: | Block, Stucco | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Pasco | |
| Flooring: | Tile | Foundation Details: | Slab | |
| Heating: | Heat Pump | Income Includes: | Rent Only | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Owner Financing | Occupant Type: | Tenant | |
| Property Condition: | Completed | Property Sub Type: | Multi-Family 5+ | |
| Property Type: | Commercial Sale | Road Frontage Type: | Alley, City Street | |
| Road Surface Type: | Asphalt | Sewer: | Public Sewer | |
| Showing Requirements: | Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | BB/HS Internet Capable, Phone Available, Water Connected | Water Source: | Public | |
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