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About This Home

This 3-bedroom, 0-bathroom residential multi family at 5100 SOUTH ROAD in New Port Richey, FL is listed for $479,900 ($174 per sqft). Built in 1956, the home offers 2,753 sqft of living space on a 0.34 acres lot.

Agent 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! 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.

Key Features

  • Built in 1956
  • 0.34 acre lot

Property Details

1956

Monthly Cost Estimate

$2,567/mo

20% down · 6.5% · 30 years

Principal$347
Interest$2,080
Insurance$140

Estimates only. Actual payments may vary.

Location

5100 SOUTH ROAD

New Port Richey, FL 34652

TAMPA TARPON SPGS LAND CO

Features & Amenities

Interior Features

Built-in FeaturesCeiling Fans(s)Open FloorplanThermostat

Exterior Features

OutbuildingsLightingPrivate Mailbox

Property Details

Flooring

TileTile - Ceramic

Construction

BlockConcreteStucco

Parking

AssignedGuest

Heating

CentralDuctless (Heating)Electric (Heating)

Cooling

Central AirMulti UnitsWall/Window Unit(s)Window Unit(s)

Appliances

RangeRefrigerator

Questions & Answers

This 3-bedroom, 0-bathroom residential multi family at 5100 SOUTH ROAD is listed at $479,900 ($174/sqft). The estimated monthly payment is $2,080 based on 20% down at 6.5% interest.

Key features include: Built in 1956, 0.34 acre lot. Interior Features: Built-in Features, Ceiling Fans(s), Open Floorplan. Exterior Features: Outbuildings, Lighting, Private Mailbox.

This property is listed by Susan McGowan and can be reached at 8134848655 or susan@flrealtypro.com.

SM

Susan McGowan

Agent at FUTURE HOME REALTY INC

(813) 484-8655

Listed by FUTURE HOME REALTY INC · View on Broker Site

MLS# TB8370544· Source: listhub· Updated 423 days ago

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5100 SOUTH ROAD, New Port Richey, FL 34652

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