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For sale
  • Price cut: $26K (8/9)
    $599,000

    5100 South Rd, New Pt Richey, FL 34652

    3beds
    5baths
    2,753sqft
    : 
    Multi Family
    Built in 1956
    -- sqft lot
    $-- Zestimate®
    $218/sqft
    $-- HOA

    What's special

    Block structureRemodeled bathroomsSeparate laundry buildingRemodeled kitchensNewer roofWater heaters
    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.
    128 days
    on Zillow
    |
    198
    |
    7
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 09, 2025 at 06:55am

    Listing Provided by:

    Susan McGowan 813-484-8655,

    FUTURE HOME REALTY INC 813-855-4982

    Source: Stellar MLS,MLS#: TB8370544MLS LogoOriginating MLS: Suncoast Tampa

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 5100 South Rd.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 5
    Heating
    • Central, Electric, Wall Units / Window Unit
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Electric Water Heater, Range, Refrigerator, Tankless Water Heater
    • Laundry: Common Area, Laundry Room
    Features
    • Built-in Features, Ceiling Fan(s), Open Floorplan, Thermostat
    • Flooring: Ceramic Tile
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,753 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: Assigned, Curb Parking, Guest
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Lighting, Private Mailbox
    Lot
    • Size: 0.34 Acres
    Details
    • Additional structures: Other, Outbuilding
    • Parcel number: 162608001.0022.00001.0
    • Zoning: R1MH
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block, Concrete, Stucco
    • Foundation: Slab
    • Roof: Other
    Condition
    • Completed
    • New construction: No
    • Year built: 1956

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Fire Hydrant, Street Lights, Water Connected

    Community & HOA

    Community
    • Subdivision: TAMPA TARPON SPGS LAND CO
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: New Pt Richey

    Financial & listing details

    • Price per square foot: $218/sqft
    • Annual tax amount: $5,455
    • Date on market: 4/4/2025
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 60180
    • Tenant pays: Electricity
    • Electric utility on property: Yes
    • Road surface type: Paved
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