5100 SOUTH RD

$449,940

3Bedrooms
5Bathrooms
2,753Sq Ft
1956Year Built
N/AGarage
534Days on Market
0.34 acLot Size

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.

Facts & Features

MLS #
MFRTB8370544
PRICE
$449,940
STATUS
Active
BEDROOMS
3
BATHROOMS
5
FULL BATHS
N/A
HALF BATHS
N/A
SQUARE FOOTAGE
2,753 sqft
ACRES
0.34
YEAR BUILT
1956
TYPE
Multi-Family 5+
STYLE
N/A

Amenities

AMENITIES
N/A
PARKING
N/A
VIEW
No
WATERFRONT
No
POOL
No

Exterior

STYLE
N/A
CONSTRUCTION
Block, Stucco, Concrete
FOUNDATION
Slab
ROOF
Other
FENCING
N/A
LOT DESCRIPTION
N/A

Additional Information

DATE LISTED
April 4, 2025
DAYS ON MARKET
534
ZONING
R1MH
DIRECTION FACES
N/A
NEW CONSTRUCTION
No
SPECIAL CONDITIONS
None

Community Information

ADDRESS
5100 SOUTH RD
SUBDIVISION
Tampa Tarpon Springs Land County
CITY
New Port Richey
COUNTY
Pasco
STATE
FL
ZIP CODE
34652
SENIOR COMMUNITY
No

Interior

INTERIOR FEATURES
Ceiling Fans(s), Open Floorplan, Thermostat, Built-in Features
HEATING
Central, Electric, Ductless
COOLING
Central Air, Wall/Window Unit(s)
FLOORING
Ceramic Tile
FIREPLACE
N/A
STORIES
N/A
APPLIANCES
Refrigerator, Electric Water Heater, Range, Tankless Water Heater

School Information

DISTRICT
N/A
ELEMENTARY
N/A
MIDDLE
Gulf Middle-Po
HIGH
Gulf High-Po

Location

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