To schedule a showing of 5100 South Road, New Port Richey, Florida, Call David Shippey at 863-521-4517 TODAY!
$469,900 | 3 beds | N/A full baths | N/A half baths | 2,753 sqft
New Port Richey, FL 34652
- 3Beds
- 5.00Total Baths
- 0 Full, 0 HalfBaths
- 2,753SqFt
- 1956Year Built
- 0.34Acres
- MLS# TB8370544
- Income
- MultiFamily
- Active
- Approx Time on Market1 year, 2 months, 16 days
- Area34652 - New Port Richey
- CountyPasco
- Subdivision Tampa & Tarpon Spgs Land Co
Overview
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.
Agriculture / Farm
Association Fees / Info
Community Features: StreetLights
Pets Allowed: Yes
Bathroom Info
Total Baths: 5.00
Building Info
Roof: Other
Buyer Compensation
Exterior Features
Exterior Features: Lighting, OutBuildings
Fees / Restrictions
Financial
Gross Income: 60,600
Expense Tenant: Electricity
Original Price: $675,000
Garage / Parking
Parking Features: Assigned, Guest
Green / Env Info
Interior Features
Floors: CeramicTile
Levels: One
Laundry Features: CommonArea, LaundryRoom
Interior Features: BuiltInFeatures, CeilingFans, OpenFloorplan
Appliances: ElectricWaterHeater, Range, Refrigerator, TanklessWaterHeater
Lot Info
Direction Remarks: US Hwy 19 to East on South Rd.
Lot Size Units: Acres
Lot Size Acres: 0.34
Lot Sqft: 15,000
Misc
Other
Other Structures: Other, Outbuilding
Special Conditions: None
Security Features: FireHydrants
Other Rooms Info
Property Info
Section: 8
Class Type: MultiFamily
Property Condition: NewConstruction
Construction Materials: Block, Concrete, Stucco
Stories: 1
Foundation: Slab
Human Modified: Yes
Sqft Info
Sqft: 2,753
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,024
Tax Lot: 22
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 Block: 82616
Tax Annual Amount: 5455
Tax Book Number: 1-68-70
Unit Info
Total Units: 5
Total Actual Rent: 60,600
Utilities / Hvac
Heating: Central, Electric, WindowUnit, WallFurnace
Water Source: Public
Sewer: SepticTank
Cool System: CentralAir, WallWindowUnits, CeilingFans
Cooling: Yes
Heating: Yes
Utilities: CableConnected, ElectricityConnected, WaterConnected
Waterfront / Water
Directions
US Hwy 19 to East on South Rd.This listing courtesy of Future Home Realty Inc
The information being provided by © 2026 My Florida Regional MLS DBA Stellar MLS is for the consumer's
personal, non-commercial use and may not be used for any purpose other than to
identify prospective properties consumer may be interested in purchasing. Any information relating
to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX)
program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 06-20-2026 7:46 PM EST.
If you have any questions on 5100 South Road, New Port Richey, Florida, please call David Shippey at 863-521-4517.
MLS# TB8370544 located at 5100 South Road, New Port Richey, Florida is brought to you by David Shippey REALTOR®
5100 South Road, New Port Richey, Florida has 3 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 5100 South Road, New Port Richey, Florida is TB8370544.
The price for 5100 South Road, New Port Richey, Florida is $469,900.
The status of 5100 South Road, New Port Richey, Florida is Active.
The subdivision of 5100 South Road, New Port Richey, Florida is Tampa & Tarpon Spgs Land Co.
The home located at 5100 South Road, New Port Richey, Florida was built in 2026.