Active

$1,900,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 6378 sq ft
Overview
  • ID: MFRTB8503245
  • Bedrooms:
  • Bathrooms: 0
  • Size: 6378 sq ft
Property Details
Remarks
Well-maintained 8-unit multifamily property located in the heart of downtown New Port Richey. The asset consists of four separate 2-unit buildings situated on an oversized lot, offering strong in-place income with long-term upside. The property is fully occupied with stable annual leases in place. Recent improvements include new roofs (2025) and fresh exterior paint (2025), with many units already updated. Several units remain below market rents, providing a clear path for future income growth. Current gross rents are $131,400 annually. Ideally positioned just minutes from the vibrant downtown corridor, riverfront, parks, restaurants, and retail, making this an attractive option for both tenants and investors.
Financial Considerations
Price:
$1,900,000
HOA Fee:
N/A
Tax Amount:
$26525.11
Price per SqFt:
$250.46
Tax Legal Description:
LOTS 8 9 & 10 BLOCK 106, PORT RICHEY COMPANY REVISED PLAN FOR TOWN OF NEW PORT RICHEY, according to the map or plat thereof recorded in Plat Book 4, Page 49, Public Records of Pasco County, Florida.
Exterior Features
Lot Size:
22651
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Heat Pump
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Tile
Levels:
One
Additional Features
Property Sub Type:
Multi-Family 5+
Style:
N/A
Year Built:
1979
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    5622-5640 MISSOURI AVE
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