5100 South Road, New Port Richey, FL 34652
Local realty services provided by:ERA ONETEAM REALTY
Listed by: susan mcgowan
Office: future home realty inc
MLS#:TB8563319
Source:MFRMLS
Price summary
- Price:$424,900
- Price per sq. ft.:$154.34
About this home
Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $37k a year!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! Fire house next door is now completed and goes out quietly. 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). This investment has 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....
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Home facts
- Year built:1956
- Subdivision & Development:TAMPA TARPON SPGS LAND CO
- Listing ID #:TB8563319
- Added:1 day(s) ago
- Updated:October 31, 2026 at 10:48 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:5
- Flooring:Ceramic Tile
- Kitchen Description:Range, Refrigerator
- Living area:2,753 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central, Ductless, Electric
- Central air:Yes
Structure and exterior
- Year built:1956
- Building area:2,753 sq. ft.
- Lot area:0.34 Acres
- Construction Materials:Block, Concrete, Stucco
- Exterior Features:Lighting, Outbuildings, Private Mailbox
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Gulf High-PO
- Middle school:Gulf Middle-PO
Utilities
- Water:Public, Water Connected
- Sewer:Septic Tank
Finances and disclosures
- Price:$424,900
- Price per sq. ft.:$154.34
- Tax amount:$5,858 (2025)
Features and amenities
- Appliances:Electric Water Heater, Range, Refrigerator, Tankless Water Heater
- Laundry features:In Common Area, Laundry Room
- Amenities:Built-In Features, Cable Connected, Ceiling Fans(s), Fire Hydrant, Open Floorplan, Thermostat
- Pool features:Public Pool
Parking
- Parking description:Assigned, Curb Parking, Guest
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