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5100 SOUTH ROAD

Multi-family For Sale
$549,900

BTC: 18.33000000

ETH: 274.95000000

-$125K (2025/11/14)
245 days
3 bds
2,753 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • NEW PORT RICHEY • 34652 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
Assigned / Curb Parking / Guest
Year Built:
1956
Lot:
0.34 Acres
Heating:
Central / Electric / Wall Units / Window Unit
Price/sqft:
$200
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Ceramic Tile

    Heating

    • Central

    • Electric

    • Wall Units / Window Unit

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Electric Water Heater

    • Range

    • Refrigerator

    • Tankless Water Heater

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Open Floorplan

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 3

  • Parking

    • Assigned

    • Curb Parking

    • Guest

    Property

    • Levels: One

    • Exterior Features: Outbuilding / Lighting / Private Mailbox

    Lot

    • Lot: 0.34 Acres

    Other Property Information

    • Parcel Number: 162608001.0022.00001.0

    • Zoning: R1MH

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Cable Connected

    • Electricity Connected

    • Fire Hydrant

    • Street Lights

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,455

  • Source details

    • MLS ID: TB8370544

    Other facts

    • Construction Materials: Block / Concrete / Stucco

    • Foundation Details: Slab

    • Laundry Features: Common Area / Laundry Room

    • Other Structures: Other

    • Living Area: 2753

    • Water Source: Public

    • Subdivision Name: TAMPA TARPON SPGS LAND CO

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: FUTURE HOME REALTY INC