About 5100 South Road
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.
Features of 5100 South Road
| MLS® # | TB8370544 |
|---|---|
| Price | $598,900 |
| Bedrooms | 3 |
| Bathrooms | 6.00 |
| Square Footage | 2,753 |
| Acres | 0.34 |
| Year Built | 1956 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Listing Details
| Office | FUTURE HOME REALTY INC |
|---|
Listing Map
Neighborhood Information for 5100 South Road
Low Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Genesis School Private - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
|
Esther's School Private - Kindergarten to 12Th Grade |
1 Miles | |
|
Schwettman Education Center Public - 6Th Grade to 12Th Grade |
1 Miles | |
|
|
Esther's School - New Port Richey Private - to |
1 Miles | |
|
Gulf High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Gulf High Adult Education Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
|
Richey Elementary School Public - Preschool to 5Th Grade |
1 Miles |
School data provided by GreatSchools