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$5,641 Closing Credit¹
#W7873987, Gena Taylor, Listing Office: COLDWELL BANKER FIGREY&SONRES
$675,000 List price
5100 S Rd New Port Richey, FL 34652
$8,016
Closing credit¹
3 beds
5 baths
2,753 sqft
0.3 acres
$245 / sqft
Multi-Family
Property details
About 5100 S Rd
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.
Highlights
Home typeMulti Family
HeatingCentral, Electric, Window Unit(s)
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Size2,753 sqft
Lot size0.34 Acres
Year built1956
ParkingAssigned, Curb Parking, Guest
MLS #TB8370544
Virtual tour
Summary
- MLS Number: TB8370544
- MLS Name: MFRMLS
- Office Name: FUTURE HOME REALTY INC
- Office Phone: (813) 855-4982
- Listing Agent: Susan McGowan
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 4/16/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$675,000
5100 S Rd
$8,016
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
1
Richey Elementary School
Public District KG-5
1.0 mi
•6850 Adams St
4
James M. Marlowe Elementary School
Public District PK-5
1.2 mi
•5642 Cecelia Dr
2
Cotee River Elementary School
Public District KG-5
2.3 mi
•7515 Plathe Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,250. Most New Port Richey, FL residents have annual incomes less than $<35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
48%
<35k
38%
35k-100k
10%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
13%
Single, with Kids
25%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
6%
12-17 yrs old
17%
18-34 yrs old
39%
35-64 yrs old
28%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Horse Races
Figure Skating
Where do the neighbors shop?
Family Dollar
Stein Mart
Chico's
Where do the neighbors go to eat?
White Castle
LongHorn Steakhouse
Bob Evans
What do the neighbors drive?
Chevrolet
Buick
Oldsmobile
What do the neighbors listen to?
Rock
Contemporary Inspirational
News
All data provided by Home Junction and Claritas
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This home is located at 5100 S Rd in New Port Richey, FL and zip code 34652 in the South River neighborhood. This 2,753 square foot home, which was built in 1956, sits on a 0.34 acre lot. Features: 3 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $675,000.
In March 2025, from all listings sold in New Port Richey, FL there were more than 19 sold above asking price, over 110 sold below and more than 39 were sold right at the asked price. The number of listings in New Port Richey, FL increased by 9.6% between February and March 2025. Listings spent 60 days on the market in March 2025, and had a median list price of $289,646 during the same period.
From Rocket Homes Real Estate and based on county public records data.