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Mauricio Cespedes

mauricio.cespedes@ymail.com +1(813) 494-1981

$1,900,000

Est. payment - /mo

6,378 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,378 sqft

Price per Sqft $297

MLS Listing ID TB8503245

Construction Status Completed

HOA Y/N No

Year Built 1979

Annual Tax Amount $26,525

Lot Size 0.520 Acres

Acres 0.52

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property 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.

Location

State FL

County Pasco

Area 34652 - New Port Richey

Zoning MF-2

Interior

Heating Heat Pump

Cooling Central Air

Flooring Tile

Exterior

Utilities Available BB/HS Internet Capable, Phone Available, Water Connected

Building

Entry Level One

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Acceptable Financing Owner Financing

Listing Terms Owner Financing

Special Listing Condition None

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Listed by Alex Hamilton BHHS FLORIDA PROPERTIES GROUP

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Mauricio Cespedes +1(813) 494-1981 mauricio.cespedes@ymail.com https://globalvistahomes.com

5622-5640 MISSOURI AVE New Port Richey, FL 34652

Mauricio Cespedes

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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5622-5640 MISSOURI AVE