5100 SOUTH ROAD,NEW PORT RICHEY,Pasco,Residential Income

$ 59,895
5100 SOUTH ROAD,

Overview

  • Updated On:
  • September 12, 2025
  • 3 Bedrooms
  • 6 Bathrooms
  • 2,753 ft2

Description

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.

Address: 5100 SOUTH ROAD
State/County:
Zip: 34652
Country: US

Property Id: 2890650
Price: $ 59,895
Property Size: 2,753 ft2
Property Lot Size: 0 ft2
Bedrooms: 3
Bathrooms: 6
Bridge Modification Timestamp: September 12, 2025 at 03:52am
Construction Materials: Block, Concrete, Stucco
Contract Status Change Date: 2025-04-04
Cooling: Central Air, Wall/Window Unit(s)
Cumulative Days On Market: 160
Days On Market: 160
Directions: US Hwy 19 to East on South Rd.
Flooring: Ceramic Tile
FoundationDetails: Slab
Furnished: Unfurnished
Heating: Central, Electric, Wall Units / Window Unit
HighSchool: Gulf High-PO
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: Common Area, Laundry Room
LeaseConsideredYN: 1
LeaseTerm: 12 Months
Levels: One
ListAOR: Suncoast Tampa
ListAgentAOR: Suncoast Tampa
ListAgentEmail: susan@flrealtypro.com
ListAgentFullName: Susan McGowan
ListAgentKey: cbc2ab3269ee28b3fa1424435f4e8fe9
ListAgentMlsId: 261537370
ListAgentPreferredPhone: 813-484-8655
ListOfficeKey: c6322f98fa7dc6103dcb473fda233d70
ListOfficeMlsId: 260011623
ListOfficeName: FUTURE HOME REALTY INC
ListOfficePhone: 813-855-4982
ListingContractDate: 2025-04-04
ListingId: TB8370544
ListingKeyNumeric: 755419894
LivingAreaSource: Public Records
LivingAreaUnits: Square Feet
LotSizeArea: 15000
LotSizeSquareFeet: 15000
LotSizeUnits: Square Feet
MLSAreaMajor: 34652 - New Port Richey
MiddleOrJuniorSchool: Gulf Middle-PO
MlsStatus: Active
ModificationTimestamp: September 12, 2025 at 03:47am
NumberOfBuildings: 1
NumberOfUnitsTotal: 1
OnMarketDate: 2025-04-04
OriginalEntryTimestamp: April 4, 2025 at 06:33pm
OriginalListPrice: 675000
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
OtherStructures: Other
Ownership: Fee Simple
ParcelNumber: 162608001.0022.00001.0
ParkingFeatures: Assigned, Curb Parking, Guest
PetsAllowed: Yes
PhotosChangeTimestamp: September 12, 2025 at 03:52am
PhotosCount: 63
PostalCodePlus4: 2419
PriceChangeTimestamp: September 12, 2025 at 03:47am
PropertyCondition: Completed
RoadSurfaceType: Paved
Roof: Other
STELLAR_AdditionalLeaseRestrictions: Consult the city of NPR or Pasco County for any possible leasing restrictions. The seller is unaware of any restrictions.
STELLAR_AlternateKeyFolioNum: 16-26-08-001.0-022.00-001.0
STELLAR_AnnualExpenses: 17074
STELLAR_AnnualNetIncome: 43106
STELLAR_BuildingNameNumber: OCEANUS APARTMENTS
STELLAR_CalculatedListPriceByCalculatedSqFt: 21.76
STELLAR_CensusTract: 303.04
STELLAR_CreateAutomaticVirtualTourYN: 1
STELLAR_CurrentPrice: 59895
STELLAR_EstAnnualMarketIncome: 60180
STELLAR_FloodZoneCode: AE
STELLAR_FloodZoneDate: 2020-06-05
STELLAR_FloodZonePanel: 12101C0351G
STELLAR_ListOfficeContactPreferred: 813-855-4982
STELLAR_ListOfficeHeadOfficeKeyNumeric: 1038452
STELLAR_ListSource: MATRIX
STELLAR_ListSourceOriginal: MATRIX
STELLAR_MlsMajorChangeType: Price Decrease
STELLAR_OfficeIDXOfficeParticipationYN: 1
STELLAR_OfficeSyndicateTo: Apartments.com, International MLS, Realtor.com, Zillow Rental, SkySlope Offers

Other Features
Built-in Features
Ceiling Fan(s)
Electric Water Heater
Has Cooling System
Has Heating System
Lighting
Open Floorplan
Outbuilding
Private Mailbox
Range
Refrigerator
Tankless Water Heater
Thermostat

$ 307.09
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 232.22

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