$1,795,000
Active · 31 days on market · MLS# MFRTB8504064
| Bedrooms | 10 |
|---|---|
| Bathrooms | 8 |
| Living area | 6,378 sq ft |
| Lot size | 0.52 acres |
| Year built | 1979 |
| Property type | Half Duplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $28,459 |
| County | Pasco |
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.
Listing courtesy of Alex Hamilton, BHHS FLORIDA PROPERTIES GROUP. Presented by MC Homes Realty Inc · 727432218.