$424,900
5100 SOUTH RD, NEW PORT RICHEY, FL 34652
ActiveProperty details
About this home
Expected Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $37k a year with potential to easily reach over $40k!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! Fire house next door is now completed and goes out quietly. 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. Separate electric meters and plenty of frontage for possible future land use.
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Listings courtesy of Stellar MLS as distributed by MLS GRID. MLS #MFR815560032. Listing brokerage: FUTURE HOME REALTY INC. Status: Active.
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