Leased Duplex with New
4722-4724 KENNEDY DRIVE New Port Richey, FL 34652
4722-4724 KENNEDY DRIVE, New Port Richey, FL, 34652
$275,000
For Sale
$275,000
Duplex offers two fully leased 1-bedroom, 1-bath units with upgraded kitchens and individual electricity meters.
Property Size1,008 SF
Price / SF$272.82
Days on Market522
Property Features for 4722-4724 KENNEDY DRIVE
General Information
- Standard status
- Active
- Size
- 1,008 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing agency
NJS REALTY PLLC
(813) 365-7048
Listed by
Jason Webb · License #3347423
(813) 365-7048
Source
Exitrealty
Added: Feb 15, 2025 Updated: Jul 21 at 5:42AM Checked: Jul 22 at 8:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NJS REALTY PLLC
Investment Insights
Based on property information with market context.
This leased duplex includes two identical 1-bedroom, 1-bath units, each fully leased. Interiors feature tile flooring, and both units have upgraded kitchens. The property also has a large back yard, and a new septic tank and drain field were installed in 2020. A brand-new roof has just been installed.
Utilities are separately metered for electricity, with a single meter for water serving both units.
The duplex configuration and current occupancy make it well-suited for an owner looking for an income-producing residential property with updated key exterior and system improvements.
Utilities are separately metered for electricity, with a single meter for water serving both units.
The duplex configuration and current occupancy make it well-suited for an owner looking for an income-producing residential property with updated key exterior and system improvements.
Key Highlights
- Duplex built in 1973 with two fully leased 1‑bedroom, 1‑bath units
- Upgraded kitchens in both units and all tile flooring
- Brand‑new roof just installed
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.0k | $17.88 |
| − Vacancy | −$1.2k | −$1.21 |
| EGI | $16.8k | $16.67 |
| − OpEx | −$5.0k | −$5.00 |
| NOI | $11.8k | $11.67 |
1,008 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$168.1K
$147.1K – $196.1K
NOI $11,766 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$132.4K
$115.9K – $154.5K
NOI $9,271 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$229.6K
$200.9K – $267.9K
NOI $16,073 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offers two fully leased 1-bedroom, 1-bath units with upgraded kitchens and individual electricity meters.
Where is this duplex located?
The property is located at 4722-4724 KENNEDY DRIVE New Port Richey, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex built in 1973 with two fully leased 1‑bedroom, 1‑bath units; Upgraded kitchens in both units and all tile flooring; Brand‑new roof just installed
