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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/4/2025 |
|---|---|---|---|
| TRACT | TAMPA TARPON SPGS LAND CO | YEAR BUILT | 1956 |
| COMMUNITY | 34652 - New Port Richey | COUNTY | Pasco |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Jr. High School | Gulf Middle-PO |
|---|---|
| High School | Gulf High-PO |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Range, Refrigerator, Tankless Water Heater |
| AREA | 34652 - New Port Richey |
| CONSTRUCTION | Block, Concrete, Stucco |
| EXTERIOR | Lighting |
| HEAT | Central, Electric |
| INTERIOR | Built-in Features, Open Floorplan |
| LOT | 0.34 acre(s) |
| PARKING | Assigned, Guest |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | TAMPA TARPON SPGS LAND CO |
| TAXES | 5455 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Susan McGowan, FUTURE HOME REALTY INC, 813-855-4982
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/4/25 5:16 PM PDT.
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