$129,500
Active · 57 days on market · MLS# MFRTB8435104
| Bedrooms | 6 |
|---|---|
| Living area | 985 sq ft |
| Lot size | 1.83 acres |
| Year built | 2004 |
| Property type | Multi Family |
| Private pool | Yes |
| Waterfront | Yes |
| HOA fee | $302 |
| Annual taxes | $2,216 |
| County | Pasco |
Updated condo in the heart of New Port Richey! This unit is one (1) of three (3) available investment properties, all currently rented and producing a combined monthly income of $4,650. An excellent investment opportunity with strong returns — this particular unit rents for $1,550/month, offering a ~14.4% gross cap rate and an estimated ~10.0% net cap rate (based on a 30% expense ratio). Recent appraisal and inspection reports are included in the attachments. This well-maintained 2-bedroom, 2-bath corner unit features a spacious open living area, large kitchen, generous bedrooms, in-unit laundry, and extra storage space. Peacefully situated next to a quiet conservation area, this home offers privacy and a serene natural view. Located minutes from beautiful Gulf beaches, shopping, dining, and entertainment, with easy access to Tampa, St. Petersburg, Clearwater, and the airport. The low HOA fee ($302/month) covers water, sewer, and trash. Whether you’re seeking a clean, affordable home or a high-performing, cash-flowing investment — this one checks all the boxes. Cash-only sale.
Listing courtesy of Matt Mayers, LIFES A BEACH REAL ESTATE. Presented by MC Homes Realty Inc · 727432218.