5100 SOUTH RD new Save Request In-Person Tour Request Virtual Tour
New Port Richey,FL 34652
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,753 sqft
Price per Sqft $245
Subdivision Tampa Tarpon Spgs Land Co
MLS Listing ID TB8370544
Bedrooms 3
Year Built 1956
Annual Tax Amount $5,455
Lot Size 0.340 Acres
Property Sub-Type Multi-Family
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.
Location
State FL
County Pasco
Community Tampa Tarpon Spgs Land Co
Zoning R1MH
Interior
Heating Central,Electric,Wall Units / Window Unit
Cooling Central Air,Wall/Window Unit(s)
Flooring Ceramic Tile
Laundry Common Area,Laundry Room
Exterior
Exterior Feature Outbuilding(s),Lighting,Private Mailbox
Parking Features Assigned,Curb Parking,Guest
Utilities Available Cable Connected,Electricity Connected,Fire Hydrant,Street Lights,Water Connected
Roof Type Other
Building
Foundation Slab
Sewer Septic Tank
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Schools
Middle Schools Gulf Middle-Po
High Schools Gulf High-Po
Others
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8370544