5100 SOUTH ROAD, New Port Richey, FL 34652
Multi-Family 5+ - NEW PORT RICHEY, FL
- Added:
- Apr 4, 2025
- Days on Market:
- 433
- Last Refresh:
- Jun 10 at 2:06 am
Property Features for 5100 SOUTH ROAD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1MH
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3
- Parking features
- Assigned, Guest
- Pets allowed
- Yes
- Interior features
- Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
- Exterior features
- Outbuildings, Lighting, Private Mailbox
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 16-26-08-001.0-022.00-001.0
- Size
- 2,753 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5455
Utilities
- Heating system
- Central, Ductless (Heating), Electric (Heating)
- Cooling system
- Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1956
- Number of units
- 5
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Block, Concrete, Stucco
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing agent Susan McGowan License #3155686 (813) 484-8655
Listing office FUTURE HOME REALTY INC 13029 W Linebaugh Av Ste 101, Tampa, FL (813) 855-4982
Listing date Apr 4, 2025
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Gross Annual Income: Over $60,000 annually.
- Strong Net Annual Income: Approximately $45,000 annually.
- Fully Renovated Units: Featuring new A/C units, water heaters, and remodeled kitchens and bathrooms.
- Five Fully‑Leased Units: Ensures consistent income.
- Prime Location: Situated in a desirable New Port Richey neighborhood.
- Turnkey Condition: With regular maintenance, a newer roof (2020), and block structure.
Overview
Located in New Port Richey, Florida (Pasco County) at 5100 South Road, the property is positioned with easy access to major transportation routes, shopping centers, and other local amenities. The listing is under zoning R1MH.
From an operations perspective, the property is presented as fully-leased, with gross income over $60,000 annually and net income around $45,000 per year based on the seller’s remarks. The refreshed unit interiors and updated mechanicals are intended to support tenant appeal and ongoing occupancy. For buyers or operators looking for a residential income asset with demonstrated in-place leasing and documented building updates, this multiplex offers a straightforward, turn-ready configuration centered on five renovated, occupied units.
Local Financial Insights For Apartment 5plus
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 | $49.6k | $18.00 |
| − Vacancy | −$3.5k | −$1.28 |
| EGI | $46.0k | $16.72 |
| − OpEx | −$20.7k | −$7.52 |
| NOI | $25.3k | $9.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.729829
- Latitude
- 28.246029
