5100 SOUTH ROAD, NEW PORT RICHEY, FL 34652

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$649,000

bedrooms

bathrooms

square feet

2,753

Acreage

0.34

Open Houses

year built

1956

Full Baths

Half Baths

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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
Subdivision	TAMPA TARPON SPGS LAND CO
County	Pasco
Elementary School	-
Middle School	Gulf Middle-PO
High School	Gulf High-PO

Driving directions

Open houses

None scheduled.

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MLS number: TB8370544

Listing agent: Susan Mcgowan #3155686

Listing broker: Future Home Realty, Inc (727) 409-3368

Last update: Friday, May 2 2025 at 10:45 p.m. EDT

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