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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.
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
Monthly Cost Estimate
$2,567/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5100 SOUTH ROAD
New Port Richey, FL 34652
TAMPA TARPON SPGS LAND CO
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
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.








