Turnkey Renovated
7541 PIER ROAD Port Richey, FL 34668
New
For Sale
$325,000
Turnkey renovated duplex with two updated 2-bedroom, 2-bath units and shared laundry in a convenient Port Richey location.
Property Size1,800 SF
Price / SF$180.56
Days on Market5
Property Features for 7541 PIER ROAD
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Building Details
Year Built
1976
Listing Agency:
SENSIBLE PROPERTY MANAGMENT
(813) 831-7368
Listed By:
Jason Welch · License #3272633
Source:
Miharaandassociates
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 26 at 3:14AM
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 SENSIBLE PROPERTY MANAGMENT
Investment Insights
Based on property information with market context.
Turnkey, fully renovated duplex offering two separate units, each featuring 2 bedrooms and 2 bathrooms. The front unit is larger and includes a floor-to-ceiling rock fireplace. Both units have been updated with quality cabinetry, modern countertops, renovated bathrooms, luxury vinyl plank flooring throughout, updated lighting, and stylish fixtures.
The property is located just off US Highway 19 for convenient access to restaurants, shopping, medical facilities, parks, and everyday services.
Major improvements include a brand-new roof and new A/C for one unit, along with a newer A/C system for the second unit. A shared laundry room serves both units.
The property is located just off US Highway 19 for convenient access to restaurants, shopping, medical facilities, parks, and everyday services.
Major improvements include a brand-new roof and new A/C for one unit, along with a newer A/C system for the second unit. A shared laundry room serves both units.
Key Highlights
- Renovated duplex built in 1976 with two updated 2‑bedroom, 2‑bath units
- Major improvements include a brand‑new roof plus one brand‑new A/C system and a newer A/C for the second unit
- Both units updated with luxury vinyl plank flooring, updated lighting, and stylish fixtures
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 | $32.2k | $17.88 |
| − Vacancy | −$2.2k | −$1.21 |
| EGI | $30.0k | $16.67 |
| − OpEx | −$9.0k | −$5.00 |
| NOI | $21.0k | $11.67 |
1,800 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.2K
NOI $21,010 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,555 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$410.0K
$358.8K – $478.4K
NOI $28,702 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey renovated duplex with two updated 2-bedroom, 2-bath units and shared laundry in a convenient Port Richey location.
Where is this duplex located?
The property is located at 7541 PIER ROAD Port Richey, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Renovated duplex built in 1976 with two updated 2‑bedroom, 2‑bath units; Major improvements include a brand‑new roof plus one brand‑new A/C system and a newer A/C for the second unit; Both units updated with luxury vinyl plank flooring, updated lighting, and stylish fixtures
