5403 DRINKARD DR, NEW PORT RICHEY, FL, 34653
$299,900
Residential Income
|
Bedrooms
4
|
Bathrooms
2
|
Living Area
2,464 Sqft
|
Lot Size
7,200 Sqft
|
DUPLEX OPPORTUNITY MINUTES FROM DOWNTOWN NEW PORT RICHEY! Offered at just $299,900, this concrete-block duplex presents a compelling opportunity for investors, owner-occupants and buyers looking to build long-term rental income. The property features two separate 2-bedroom, 1-bath units, and BOTH ARE CURRENTLY VACANT, giving the next owner the freedom to renovate, select tenants and establish rents without inheriting existing leases. With approximately 2,464 total square feet, there is plenty of room and plenty of potential. Unit 5403 is currently in better overall condition, while Unit 5409 provides additional value-add opportunity through updating and improvements. The property is dated, but that is exactly where the upside lies. Renovate both units for your rental portfolio, live in one side while renting the other, or improve the property over time as part of a long-term investment strategy. Comparable 2-bedroom rentals in the surrounding New Port Richey market demonstrate strong rental potential, while the location puts residents just minutes from Downtown New Port Richey's restaurants, shopping, parks, entertainment and community events. Two units. Both vacant. Approximately 2,464 square feet. $299,900. Bring your vision and take advantage of an increasingly hard-to-find multifamily opportunity in the heart of New Port Richey.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRW7889441 | Year Built: | 1984 | |
| Appliances: | Range | Construction Materials: | Block | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Pasco | Exterior Features: | Fence | |
| Flooring: | Carpet, Vinyl | Foundation Details: | Slab | |
| Furnished: | Unfurnished | Heating: | Central, Electric | |
| Laundry Features: | Inside | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | Corner Lot, City Limits, Paved | Parking Features: | Common, Driveway | |
| Patio And Porch Features: | Deck | Pets Allowed: | Yes | |
| Property Sub Type: | Duplex | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Supra Lock Box | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Electricity Connected, Public, Sewer Connected, Water Connected | |
| View: | City | Water Source: | Public | |
We love to hear from you