Active

$675,000

Features:
  • 3 Bedrooms
  • 5 Bathrooms
  • 2753 sq ft
Overview
  • ID: MFRTB8370544
  • Bedrooms: 3
  • Bathrooms: 5
  • Size: 2753 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$675,000
HOA Fee:
N/A
Tax Amount:
$5455
Price per SqFt:
$245.19
Tax Legal Description:
TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
Exterior Features
Lot Size:
15000
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned, Curb Parking, Guest
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
5
Heating:
Central, Electric, Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Electric Water Heater, Range, Refrigerator, Tankless Water Heater
Furnished:
Yes
Floor:
Ceramic Tile
Levels:
One
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1956
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Outbuilding(s), Lighting, Private Mailbox
Additional Features 2:
Consult the city of NPR or Pasco County for any possible leasing restrictions. The seller is unaware of any restrictions.
Map
  • Address
    5100 SOUTH RD
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