5100 SOUTH ROAD
New Port Richey, FL 34652
$424,900
Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $37k a year!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! Fire house next door is now completed and goes out quietly. 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.
Listing Courtesy of: FUTURE HOME REALTY INC
813-855-4982
| Listing Id: | TB8563319 |
|---|---|
| List Price: | $424,900 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bedrooms Total: | 3 |
| Bathrooms Full: | 5 |
| Living Area: | 2,753 |
| Tax Annual Amount: | $5,858 |
| Lot Size Square Feet: | 15,000 |
| Lot Size Acres: | 0.34 |
| Waterfront?: | No |
| City: | New Port Richey |
| County Or Parish: | Pasco |
| Subdivision Name: | Tampa Tarpon Spgs Land Co |
| Postal Code: | 34652 |
| Year Built: | 1956 |
| Number Of Units Total: | 5 |
| Additional Parcels?: | No |
| Appliances: | Electric Water Heater, Range, Refrigerator, Tankless Water Heater |
| Bathrooms Total Integer: | 5 |
| Building Area Units: | Square Feet |
| Carport?: | No |
| Foundation Details: | Slab |
| Construction Materials: | Block, Concrete, Stucco |
| Cooling: | Central Air, Wall/Window Unit(s) |
| Directions: | US Hwy 19 to West on South Rd |
| Exterior Features: | Outbuildings, Lighting, Private Mailbox |
| Flooring: | Ceramic Tile |
| Furnished: | Unfurnished |
| Garage?: | No |
| Community Features: | Street Lights |
| Gross Income: | $55,465 |
| Heating: | Central, Electric, Ductless |
| High School: | Gulf High-PO |
| Interior Features: | Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat |
| Laundry Features: | Common Area, Laundry Room |
| Lease Term: | Twelve Months |
| Levels: | One |
| Listing Contract Date: | 2026-10-31 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.34 |
| Postal Code Plus4: | 2419 |
| Middle Or Junior School: | Gulf Middle-PO |
| MLS Area Major: | 34652 - New Port Richey |
| MLS Area Major: | 34652 - New Port Richey |
| Other Structures: | Other |
| Original List Price: | $424,900 |
| Parcel Number: | 16-26-08-001.0-022.00-001.0 |
| Parking Features: | Assigned, Curb Parking, Guest |
| Pets Allowed: | Yes |
| Township: | 26 |
| Road Surface Type: | Paved |
| Roof: | Other |
| Tax Year: | 2025 |
| Senior Community?: | No |
| Sewer: | Septic Tank |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Association?: | No |
| Tenant Pays: | Electricity |
| Total Actual Rent: | $5,060 |
| Financial Data Source: | Owner |
| Utilities: | Cable Connected, Electricity Connected, Fire Hydrant, Water Connected |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 16 |
| Public Survey Section: | 8 |
| Zoning: | R1MH |
| Possession: | Close Of Escrow |
| Additional Lease Restrictions: | Consult the city of NPR or Pasco County for any possible leasing restrictions. The seller is unaware of any restrictions. |
| Alternate Key Folio Num: | 16-26-08-001.0-022.00-001.0 |
| Annual Expenses: | 24501 |
| Annual Net Income: | 36219.00 |
| Available For Lease Yn: | Yes |
| Building Name Number: | OCEANUS APARTMENTS |
| Calculated List Price By Calcula: | 154.34 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8563319?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8563319?w=Customer |
| Dpryn: | Yes |
| Est Annual Market Income: | 60720.00 |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2020-06-05 |
| Flood Zone Panel: | 12101C0351G |
| Green Verification Count: | 0 |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 255.76 |
| Lot Size Square Meters: | 1394 |
| Realtor Info: | Currently Leased, Short Term Rental Allowed |
| Sdeo yn: | No |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Monthly Expenses: | 2041 |
| Total Num Buildings: | 1 |
| Unit Count: | 5 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Road Responsibility: | Public Maintained Road |
| Association 2 Yn: | 0 |
| Attribution Contact: | 813-855-4982 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Fireplace?: | No |
| Pool Private?: | No |
| New Construction?: | No |
| New Construction?: | No |
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Property Last Updated: November 01, 2026 03:19 AM - ET
