NEW PORT RICHEY, FL 34652 5100 SOUTH ROAD
$469,900



32 more
































Presented By: FUTURE HOME REALTY INC with 813-855-4982. - 813-855-4982
Home Details
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.
Presented By: FUTURE HOME REALTY INC with 813-855-4982. - 813-855-4982
Interior Features for 5100 SOUTH ROAD
Bedrooms
Total Bedrooms3
Bathrooms
Total Baths5
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesBuilt-in Features, Ceiling Fan(s), Open Floorplan, Thermostat
Laundry FeaturesCommon Area, Laundry Room
General for 5100 SOUTH ROAD
Additional Parcels Y/NNo
AppliancesElectric Water Heater, Range, Refrigerator, Tankless Water Heater
Building Area UnitsSquare Feet
Carport Y/NNo
CityNEW PORT RICHEY
Construction MaterialsBlock, Concrete, Stucco
CoolingCentral Air, Wall/Window Unit(s)
CountyPasco
DirectionsUS Hwy 19 to East on South Rd.
Flood Zone CodeAE
Garage Y/NNo
Gross Income60600
HeatingCentral, Electric, Wall Units / Window Unit
High SchoolGulf High-PO
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionTAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
LevelsOne
Living Area UnitsSquare Feet
Lot Size Square Feet15000
Lot Size UnitsSquare Feet
MLS Area34652 - New Port Richey
Middle/Junior High SchoolGulf Middle-PO
New ConstructionNo
Number Of Units Total5
Occupancy TypeTenant
Ok to Lease12 Months
Other StructuresOther
OwnershipFee Simple
Pets AllowedYes
PossessionClose Of Escrow
Property ConditionCompleted
Property SubtypeMulti Family (5+)
Property TypeResidential Income
RoofOther
Senior Community Y/NNo
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameTAMPA TARPON SPGS LAND CO
Tax Annual Amount5455
Tax Lot22
Tax Year2024
Tenant PaysElectricity
Total Actual Rent60600
UtilitiesCable Connected, Electricity Connected, Fire Hydrant, Street Lights, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1956
ZoningR1MH
Exterior for 5100 SOUTH ROAD
Exterior AmenitiesOutbuilding, Lighting, Private Mailbox
Foundation DetailsSlab
Lot Size Acres0.34
Lot Size Area15000
Number of Buildings1
Parking FeaturesAssigned, Curb Parking, Guest
Private PoolNo
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Roxana Montes
Realtor®
SQFT • 2,753