$499,000
Pending · 22 days on market · MLS# MFRTB8505088
| Bedrooms | 5 |
|---|---|
| Living area | 2,988 sq ft |
| Lot size | 0.34 acres |
| Year built | 1947 |
| Property type | Quadruplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $5,973 |
| County | Pasco |
Under contract-accepting backup offers. Here is your opportunity to purchase a quadplex, with the possibility of it becoming a 6-plex, in booming New Port Richey. Fantastic location, just a few blocks from Downtown, Simms Park, Orange Lake, and just 1 block from the river. This is a great value add with skyrocketing rental prices in the area. Sitting on a huge 15,000 sqft lot, the front main building has 3 units, with 2 of the larger 1/1 downstairs, and a 2/1 with central air with massive private balcony. The building also houses a storage room, and a utility room complete with washer/dryer hookup. The middle building is an adorable 1/1 detached Bungalow, with the classic wood siding. The back building is a block duplex with identical 1/1 units that is currently non-conforming, but city may approve occupancy. All units have separate electric meters with tenants paying their own electric. There is a 7th electric meter which controls the utility room, and common grounds. There is ample parking for all units and a large yard providing greenspace. This is a great buy and hold, with New Port Richey expanding rapidly, and the influx of capital being poured into downtown and the surrounding area. Do not disturb the tenants for any reason. Seller will respond to all offers same day so easy deal!
Listing courtesy of Noah Bressack, FEEL GREAT REAL ESTATE. Presented by MC Homes Realty Inc · 727432218.