Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1956
Sq.Footage
2,753
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.
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Open Floorplan
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric, Ductless
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete, Stucco
-
Other Exterior Features
Lighting
-
Parking
Assigned, Guest
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.34
-
Property Type
Residential Income
Price
-
Sales Price
$498,990
-
Tax Amount
$5,455
-
Sq. Footage
2, 753
-
Price/SqFt
$181
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
Gulf Middle-PO
-
High School
Gulf High-PO
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Septic Tank
-
Tax Lot
22
-
Water Source
Public
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Location
County
Pasco
Elementary School
Middle School
Gulf Middle-PO
High School
Gulf High-PO
Listing Courtesy of Susan McGowan , FUTURE HOME REALTY INC
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