Property Description

PRICE IMPROVEMENT!! Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $45k a year!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! Fire house next door is now completed. 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.

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Included Appliances

Electric Water HeaterRangeRefrigeratorTankless Water Heater

Property Details

Interior

Appliances

Electric Water HeaterRangeRefrigeratorTankless Water Heater

Cooling

Central AirWall/Window Unit(s)

Flooring

Ceramic Tile

Furnished

Unfurnished

Heating

CentralElectricWall Units / Window Unit

Interior Features

Built-in FeaturesCeiling Fan(s)Open FloorplanThermostat

Laundry Features

Common AreaLaundry Room

Living Area

2753

Construction

Building Area Units

Square Feet

Construction Materials

BlockConcreteStucco

Foundation Details

Slab

Levels

One

Living Area Source

Public Records

Living Area Units

Square Feet

Number Of Units Total

5

Property Condition

Completed

Roof

Other

Year Built

1956

Site & Exterior

Exterior Features

OutbuildingLightingPrivate Mailbox

Flood Zone Code

AE

I D X Participation

Yes

Lot Size Acres

0.34

Lot Size Area

15000

Lot Size Square Feet

15000

Lot Size Units

Square Feet

Other Structures

Other

Parking Features

AssignedCurb ParkingGuest

Public Survey Range

16

Public Survey Section

8

Road Responsibility

Public Maintained Road

Road Surface Type

Paved

Sewer

Septic Tank

Total Acreage

1/4 to less than 1/2

Utilities

Cable ConnectedElectricity ConnectedFire HydrantStreet LightsWater Connected

Water Source

Public

Zoning

R1MH

Financials

Calculated List Price By Calculated Sq Ft

170.69

Contract Status Change Date

2025-04-04

Current Price

469899

Feed Types

BBO

Lease Considered

Yes

Lease Term

12 Months

Owner Name

ERIK L STOR & DEAN HARPER

Ownership

Fee Simple

Parcel Number

162608001.0022.00001.0

Public Survey Township

26

Tax Annual Amount

5455

Tax Block

82616

Tax Book Number

1-68-70

Tax Legal Description

TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22

Tax Lot

22

Tax Year

2024

Total Actual Rent

60600

Neighborhood & Lifestyle

Community & Association

Additional Lease Restrictions

Consult the city of NPR or Pasco County for any possible leasing restrictions. The seller is unaware of any restrictions.

M L S Area Major

34652 - New Port Richey

Pets Allowed

Yes

Subdivision Name

TAMPA TARPON SPGS LAND CO

Schools

Ratings

Middle

Gulf Middle-PO

High

Gulf High-PO

Listing provided courtesy of STELLAR via IDX. Updated: Jun 29, 2026, 2:23pm.

5100 SOUTH ROAD

5100 SOUTH ROAD

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Susan McGowan

$20

$200

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5100 SOUTH ROAD

5100 SOUTH ROAD

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Susan McGowan