5100 SOUTH ROAD, New Port Richey, FL 34652

• 3 beds |
• 5 baths |
• 2,753 sqft

Property Description

PRICE IMPROVEMENT!! Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $45k a year!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! 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.

Listing Status:

Active

Date Added:

April 4, 2025

Data Last Updated:

April 5, 2026 at 7:23PM

Listing Office:

FUTURE HOME REALTY INC : 813-855-4982

Listing Agent:

Susan McGowan : 813-484-8655

MLS ID:

TB8370544

Interior

• General: Built-in FeaturesCeiling Fans(s)Open FloorplanThermostat
• Appliances: Electric Water HeaterRangeRefrigeratorTankless Water Heater
• Laundry: Common AreaLaundry Room
• Flooring: Ceramic Tile
• A/C: Central AirWall/Window Unit(s)
• Heating: CentralElectricDuctless

Exterior

• General: OutbuildingsLightingPrivate Mailbox
• Other Structures: Other
• Parking: AssignedCurb ParkingGuest

Construction

• Roofing: Other
• General: BlockConcreteStuccoOneSlab

Location

• Road/Access: Paved
• Originating MLS: Stellar MLS
• County: Pasco

Lot

• Zoning: R1MHTAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 2216-26-08-001.0-022.00-001.0

Utilities

• Utilities: Cable ConnectedElectricity ConnectedFire HydrantWater Connected
• Water: Public
• Sewer: Septic Tank

Financial

• Source: Stellar MLS
• Ownership: Fee Simple