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.
6,378 Sq Ft
0.52 Private Acres Lot Size
condo
$2,372 Monthly Tax
Built in 1979
MLS/Listing ID TB8504064
Slab
Unfurnished
Heating - Heat Pump
Kitchen Family Room Combo
Sidewalk
Ceiling Fans
Thermostat
Shingle
Public Sewer
Public Water
Refrigerator
Range
Microwave
Electric Water Heater
Carpet
Tile
Construction - Stucco
Construction - Block
Cooling - Central Air
Lighting
Awnings
TOTAL MONTHLY COST
$0
$0
$0