Property
ActiveResidential
1/32
$299,000

5045 GREEN KEY ROAD

New Port Richey, FL 34652
2
Beds
2
Baths
1,205
SqFt
0.27
Acres
STELLAR
#TB8499091
Updated: Jun 17, 2026, 11:53am

Property Description

FULLY OCCUPIED CASH FLOWING DUPLEX FOR SALE IN NEW PORT RICHEY FL | TURNKEY INVESTMENT OPPORTUNITY | NO HOA | PRE INSPECTED Welcome to 5045 GREEN KEY ROAD, NEW PORT RICHEY, FL 34652, a 100 PERCENT OCCUPIED INCOME PRODUCING DUPLEX delivering IMMEDIATE CASH FLOW with BUILT IN TRANSPARENCY AND REDUCED INVESTOR RISK and NO HOA. This TURNKEY PROPERTY features a 2 BEDROOM 2 BATHROOM MAIN RESIDENCE PLUS A DETACHED 1 BEDROOM 1 BATHROOM UNIT, creating a DUAL INCOME STREAM ideal for both seasoned investors and first time buyers entering CASH FLOWING REAL ESTATE. The property has been RENOVATED INSIDE AND OUT, including NEW FLOORING, NEW COUNTERTOPS, NEW KITCHEN CABINETS, AND AN UPDATED BATHROOM, offering LOW DEFERRED MAINTENANCE, and sits on a SPACIOUS 0.27 ACRE LOT WITH VALUE ADD AND EXPANSION POTENTIAL. Major system upgrades include a BRAND NEW ROOF (2026), HVAC (2025), and WATER HEATER (2025), providing long term peace of mind for investors. Enjoy additional features including a LARGE SCREENED IN LANAI AND ENCLOSED PORCH, along with PRIVATE LIVING SPACES FOR EACH UNIT to support STRONG TENANT RETENTION. Investor advantages include SEPARATELY METERED ELECTRIC, with tenants paying their own electric, and ONE SHARED WATER METER, helping maintain a FAVORABLE EXPENSE STRUCTURE. This property also offers PRE LISTING DUE DILIGENCE COMPLETED, including a CLEAN 4 POINT INSPECTION AND WIND MITIGATION REPORT, with REPORTS AND FLOOR PLAN ATTACHED IN THE MLS, providing CONFIDENCE FOR FINANCING, POTENTIAL INSURANCE SAVINGS, AND A SMOOTHER CLOSING PROCESS. Ideally located just minutes from GREEN KEY BEACH, DOWNTOWN NEW PORT RICHEY, SIMS PARK, THE COTEE RIVER, SHOPPING, DINING, AND MAJOR ROADWAYS, this property benefits from a HIGH DEMAND RENTAL LOCATION WITH STRONG LONG TERM APPRECIATION POTENTIAL. This is a STABILIZED, INCOME PRODUCING ASSET NOT A PROJECT, offering the perfect combination of IMMEDIATE CASH FLOW, LOWER OPERATIONAL RISK, STRONG INFRASTRUCTURE UPGRADES, AND FUTURE UPSIDE. DON’T MISS THIS OPPORTUNITY TO SECURE A PERFORMING INVESTMENT PROPERTY IN A GROWING GULF COAST MARKET. SCHEDULE YOUR PRIVATE SHOWING TODAY.
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Property Details

Interior
Building Area Total
1829
Cooling
Mini-Split Unit(s)
Heating
Electric
Interior Features
Thermostat
Laundry Features
Inside
Living Area
1205
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Block
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Roof
MembraneShingle
Year Built
1930
Site & Exterior
Exterior Features
Fenced
Flood Zone Code
AE
I D X Participation
Yes
Lot Size Acres
0.27
Lot Size Area
11550
Lot Size Square Feet
11550
Lot Size Units
Square Feet
Public Survey Range
16E
Public Survey Section
5
Road Surface Type
Asphalt
Sewer
Public Sewer
Total Acreage
1/4 to less than 1/2
Utilities
Public
Water Source
Public
Zoning
R3
Financials
Calculated List Price By Calculated Sq Ft
248.13
Contract Status Change Date
2026-04-19
Current Price
299000
Feed Types
BBO
Owner Name
COVE GROUP LLC
Ownership
Fee Simple
Parcel Number
0526160180012000030
Public Survey Township
26S
Tax Annual Amount
1573.15
Tax Block
52616
Tax Book Number
1-61
Tax Legal Description
PORT RICHEY LAND COMPANY SUB PB 1 PG 61 S 200 FT OF E 66 FT OF TRACT 12 LESS RD R/W OR 4349 PG 967
Tax Lot
12
Tax Year
2025
Total Actual Rent
2500

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34652 - New Port Richey
Pets Allowed
Cats OKDogs OK
Subdivision Name
PORT RICHEY LAND CO SUB
Schools
Ratings
Elementary
James M Marlow Elementary-PO
Middle
Gulf Middle-PO
High
Gulf High-PO
Listing provided courtesy of STELLAR via IDX. Updated: Jun 17, 2026, 11:53am.
Chris Jhoda

Listing Agent

REAL BROKER, LLC

Call Agent