5716 Kenwood Avenue, New Port Richey, FL 34652

$179,000
2
BD
2
BA
1,027
SqFt

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List Price
$179,000
Status
Active
Days on Market
426
Price Change
▼ $5,000 1778551639
MLS#
TB8390381
Property Style
Duplex
Year Built
1948
Bedrooms
2
Bathrooms
2
Living Area
1,027
Lot Size
9,114
Acres
0.21
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Kinney Sub
MLS Area Major
New Port Richey

Property Description

Don’t miss this rare investment opportunity in the heart of downtown New Port Richey. This well-maintained duplex features two separate units, each with private entrances, individual driveways, and updated interiors, offering strong rental income with future upside. The roof was replaced in 2018, and the entire exterior was freshly painted in 2024. Unit 5718 features a remodeled kitchen, updated bathroom, fireplace, and a spacious Florida room. It currently functions as a large studio but can easily be converted into a one-bedroom layout. Tenant in place paying $1,000/month. Unit 5716 is a cozy studio with a recently remodeled bathroom and a private entrance off Washington Street. Tenant in place paying $900/month. Shared amenities include an exterior laundry area with washer and dryer (not coin-operated) and a large fenced yard. Both units have never experienced interior flooding. Tenants are on month-to-month leases, providing flexibility for future rental increases, repositioning, or redevelopment. Current gross annual rental income is $22,800. The property is ideally located just steps from downtown New Port Richey’s shops, restaurants, Sims Park, local festivals, and the scenic riverfront. Easy access to US-19 and the Suncoast Parkway makes commuting simple, and Gulf beaches are only a short drive away. This income-producing property offers immediate cash flow with long-term potential in one of Pasco County’s most walkable and desirable areas. Schedule your private showing today.

Additional Information

Taxes
$3472
Annual Gross Income
24000
Location
Corner Lot, Sidewalk, Paved
Community Features
No Deed Restriction
Property Description
Corner Unit
Zoning
R2
Interior Layout
Ceiling Fans(s), Open Floorplan
Interior Features
Ceiling Fans(s), Open Floorplan
Floor
Luxury Vinyl
Appliances
Dryer, Electric Water Heater, Range, Refrigerator, Washer
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Fireplace
Yes
Fireplace Description
Wood Burning
Exterior Construction
Block, Frame
Exterior Features
Fence
Roof
Shingle
Foundation
Block, Crawlspace
Pool
No Pool
Elementary School
Richey Elementary School
Middle School
Gulf Middle-Po
High School
Gulf High-PO
Flood Zone Code
AE
Parcel ID
16-25-32-043.0-001.00-011.0
Legal Description
KINNEY SUB PB 2 PG 44 EAST 29 FT OF LOT 10 & ALL OF LOT 11 BLOCK 1

Listing courtesy of RE/MAX CHAMPIONS. 727-807-7887

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