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Wade M. Berlin

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Tropic Shores Realty
The Real Estate Professional You Deserve
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5100 South Road
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PRICED AT ONLY: $498,990

Address: 5100 South Road, NEW PORT RICHEY, FL 34652

Description

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! 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.
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  • MLS#: TB8370544 ( Residential Income )
  • Street Address: 5100 South Road
  • Viewed: 12
  • Price: $498,990
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Bedrooms: 3
  • Total Baths: 5
  • Days On Market: 359
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Outbuildings, Lighting, Private Mailbox
  • Flooring: Ceramic Tile
  • Living Area: 2753.00
  • Other Structures: Other
  • Roof: Other
Property Information
  • Property Condition: Completed
School Information
  • High School: Gulf High-PO
  • Middle School: Gulf Middle-PO
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned, Curb Parking, Guest
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Ductless
  • Pets Allowed: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Appliances: Electric Water Heater, Range, Refrigerator, Tankless Water Heater
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
  • Legal Description: TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
  • Levels: One
  • Area Major: 34652 - New Port Richey
  • Occupant Type: Tenant
  • Parcel Number: 16-26-08-001.0-022.00-001.0
  • Possession: Close Of Escrow
  • Views: 12
  • Zoning Code: R1MH
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin