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Description
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.
Property Highlights
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Heat Pump
Lot Size: 0.52 Acres
Stories: 1.0
Taxes: $26,525
Year Built: 1979
General Information
County: Pasco
Listed By:
Alex Hamilton
BHHS FLORIDA PROPERTIES GROUP
813-739-5700
MLS ID: TB8503245
Property Features
Directions: From Main Street heading west, turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Owner Financing
Lot Dimensions: 0.52
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Leases
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany
Special Sale Provisions: None
Units: 8
Utilities: BB/HS Internet Capable, Phone Available, Water Connected
Water: Public
Water Access Y/N: No
Zoning: MF-2
Shown By
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5622-5640 Missouri Avenue , New Port Richey, FL 34652.
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