Here is your opportunity to purchase a 100% occupied 6-plex in booming New Port Richey. Start raking in substantial income the day you purchase, with over $51,000 in current gross income projected for 2019. Fantastic location, just a few blocks from Downtown, Simms Park, Orange Lake, and just 1 block from the river. This is a great value add with skyrocketing rental prices in the area. The property consists of 3 structures, sitting on a huge 15,000 Sq Ft lot. The front main building has 3 units, with 2 of the larger 1/1 downstairs, and an immaculate newly remodeled 2/1 with central air, and a massive balcony. The building also houses a storage room, and a utility room complete with washer and dryer. The middle building is an adorable 1/1 detached Bungalow, with the classic wood siding. The back building has a nice secluded feel. It is a block duplex with identical 1/1 units. All units have separate electric meters with tenants paying their own electric. There is a 7th electric meter which controls the utility room, and common grounds. There is ample parking for all units, and a large yard providing green-space, or a potential space to build additional units with the Property Use Multi-Family 1-10 units. This is a great buy and hold, with New Port Richey expanding rapidly, and the influx of capital being poured into downtown and the surrounding area. All units are occupied, do not disturb the tenants for any reason.
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Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on August 24th, 2019 at 6:00pm EDT.