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5100 SOUTH ROAD
NEW PORT RICHEY FL 34652 US

$649,000

Active Listing ID TB8370544
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3 bed
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Lot: 0.34 Acres

$649,000

Active Listing ID TB8370544
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5100 SOUTH ROAD 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). With 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. The current owners are enjoying over a 7% Cap rate! Don't delay. Call today to set up a viewing of this fantastic investment property.

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Property Features

  • Facts
  • Lot Size: 0.34 Acres
  • Property Type: Residential Multi Family
  • Features
  • Cooling System: Window Unit(s) A/C
  • Exterior Finish: Outbuildings, Lighting, Private Mailbox
  • Floor Covering: Tile, Tile - Ceramic
  • Heating Fuels: Central Furnace

School Information

  • School
  • Gulf Middle-PO(MiddleSchool)
  • Gulf High-PO(HighSchool)

Property

  • propertytype: Residential Multi Family
  • listprice: 649000
  • unparsedaddress: 5100 SOUTH ROAD
  • postalcity: NEW PORT RICHEY
  • stateorprovince: FL
  • country: US
  • postalcode: 34652
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.34
  • lotsizeunits: Acres
  • lotsizearea: 0.34
  • livingarea: 2753
  • livingareaunits: Square Feet
  • latitude: 28.245871
  • longitude: -82.730282
  • listagentfullname: Susan McGowan
  • listagentemail: susan@flrealtypro.com
  • listagentkey: 3yd-PINELLAS-261537370
  • listagentmlsid: 261537370
  • listagentpreferredphone: 8134848655
  • listagentofficephone: 8138554982
  • listofficekey: 3yd-PINELLAS-260011623
  • listagentstatelicense: 3155686
  • listofficemlsid: 260011623
  • disclaimer: Copyright © 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PINELLAS
  • yearbuilt: 1956
  • listingcontractdate: 2025-04-04
  • listagenturl: http://www.futurehomerealty.com
  • countyorparish: Pasco
  • parcelnumber: 16-26-08-001.0-022.00-001.0
  • highschool: Gulf High-PO
  • appliances: Range, Refrigerator
  • cooling: Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
  • constructionmaterials: Block, Concrete, Stucco
  • flooring: Tile, Tile - Ceramic
  • heating: Central, Ductless (Heating), Electric (Heating)
  • numberofunitstotal: 1
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Assigned, Guest
  • waterfrontyn: False
  • interiorfeatures: Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
  • exteriorfeatures: Outbuildings, Lighting, Private Mailbox
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3
  • otherstructures: Outbuilding
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.730286, 28.24587
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"FUTURE HOME REALTY INC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"susan@flrealtypro.com", "ListBrokerageCity":"Tampa", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"FUTURE HOME REALTY INC", "ListBrokeragePhone":"813-855-4982", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"13029 W Linebaugh Av Suite 101", "ListBrokerageWebsiteUrl":"http://www.futurehomerealty.com", "ListOfficeAddress1":"13029 W Linebaugh Av Ste 101", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Tampa", "ListOfficeCountry":"US", "ListOfficeEmail":"bobmcdugald@futurehomerealty.com", "ListOfficePostalCode":"33626", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi Family - NEW PORT RICHEY, FL", "ListingURL":"https://listings.listhub.net/pages/PINELLAS/TB8370544/?channel=rexren", "MLSModificationTimestamp":"2025-05-02T16:55:09Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Multi Family", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5455, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/11/2025 11:04:46 PM GMT
Source Updated Date: 5/18/2025 6:48:45 AM GMT

Courtesy of: Susan McGowan, FUTURE HOME REALTY INC, susan@flrealtypro.com

Copyright 漏 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.