5100 South Road, New Port Richey, FL 34652
- $459,999
- 3
- BD
- 5
- BA
- 2,753
- SqFt
- List Price
- $459,999
- Status
- Active
- Days on Market
- 479
- Price Change
- ▼ $9,900 1785107896
- MLS#
- TB8370544
- Property Style
- Multi-Family 5+
- Year Built
- 1956
- Bedrooms
- 3
- Bathrooms
- 5
- Living Area
- 2,753
- Lot Size
- 15,000
- Acres
- 0.34
- Total Acreage
- 1/4 to less than 1/2
- Building Name
- Oceanus Apartments
- Legal Subdivision Name
- Tampa Tarpon Spgs Land Co
- MLS Area Major
- New Port Richey
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! Fire house next door is now completed. 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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Additional Information
- Taxes
- $5455
- Annual Gross Income
- 60600
- Community Features
- Street Lights, No Deed Restriction
- Property Description
- One Story
- Zoning
- R1MH
- Interior Layout
- Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
- Interior Features
- Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
- Floor
- Ceramic Tile
- Appliances
- Electric Water Heater, Range, Refrigerator, Tankless Water Heater
- Utilities
- Cable Connected, Electricity Connected, Fire Hydrant, Water Connected
- Heating
- Central, Electric, Ductless
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Block, Concrete, Stucco
- Exterior Features
- Outbuildings, Lighting, Private Mailbox
- Roof
- Other
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Assigned, Curb Parking, Guest
- Middle School
- Gulf Middle-Po
- High School
- Gulf High-PO
- Pets
- Allowed
- Flood Zone Code
- AE
- Parcel ID
- 16-26-08-001.0-022.00-001.0
- Legal Description
- TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
Listing courtesy of FUTURE HOME REALTY INC. 813-855-4982
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