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Wade M. Berlin

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  4. 5622-5640 Missouri Ave, NEW PORT RICHEY, FL 34652
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5622-5640 Missouri Ave
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PRICED AT ONLY: $1,900,000

Address: 5622-5640 Missouri Ave, NEW PORT RICHEY, FL 34652

Description

Well maintained 8 unit multifamily property located in the heart of downtown New Port Richey. The asset consists of four separate 2 unit buildings situated on an oversized lot, offering strong in place income with long term upside. The property is fully occupied with stable annual leases in place. Recent improvements include new roofs (2025) and fresh exterior paint (2025), with many units already updated. Several units remain below market rents, providing a clear path for future income growth. Current gross rents are $131,400 annually. Ideally positioned just minutes from the vibrant downtown corridor, riverfront, parks, restaurants, and retail, making this an attractive option for both tenants and investors.

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  • MLS#: TB8504064 ( Residential )
  • Street Address: 5622-5640 Missouri Ave
  • Viewed: 101
  • Price: $1,900,000
  • Price sqft: $250
  • Waterfront: No
  • Year Built: 1979
  • Bldg sqft: 7586
  • Bedrooms: 10
  • Total Baths: 8
  • Full Baths: 8
  • Days On Market: 12

Description

Well maintained 8 unit multifamily property located in the heart of downtown New Port Richey. The asset consists of four separate 2 unit buildings situated on an oversized lot, offering strong in place income with long term upside. The property is fully occupied with stable annual leases in place. Recent improvements include new roofs (2025) and fresh exterior paint (2025), with many units already updated. Several units remain below market rents, providing a clear path for future income growth. Current gross rents are $131,400 annually. Ideally positioned just minutes from the vibrant downtown corridor, riverfront, parks, restaurants, and retail, making this an attractive option for both tenants and investors.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Awning(s), Lighting, Sidewalk
  • Flooring: Carpet, Tile
  • Living Area: 6378.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, 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: 2025
Other Features
  • Appliances: Electric Water Heater, Microwave, Range, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Kitchen/Family Room Combo, Thermostat
  • Legal Description: LOTS 8 9 & 10 BLOCK 106, PORT RICHEY COMPANY REVISED PLAN FOR TOWN OF NEW PORT RICHEY, according to the map or plat thereof recorded in Plat Book 4, Page 49, Public Records of Pasco County, Florida.
  • Levels: One
  • Area Major: 34652 - New Port Richey
  • Occupant Type: Tenant
  • Parcel Number: 05-26-16-0030-10600-0080
  • Views: 101
  • Zoning Code: MF-2
Nearby Subdivisions
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Contact Info

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Wade M. Berlin

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