6709 River Rd, New Port Richey, FL 34652

This exceptional investment opportunity presents two renovated duplexes totaling four units situated on a 0.8-acre lot at 6709, 6711, 6713, and 6715 River Road, New Port Richey, FL 34652. Built in 1969 and completely renovated in 2022, this Class C multifamily property boasts 4,554 square feet of net rentable space, offering a compelling value-add proposition. The property currently features two one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units, all currently 100% occupied, generating a strong net operating income (NOI) of $160,000, resulting in an attractive 8.6% capitalization rate. Priced at $615,000, this translates to $153,750 per unit and $135.05 per square foot. The property is offered fee simple. Please note that while square footage and tax information are derived from public records, the tax ID includes properties beyond these duplexes and requires separate verification. All details should be independently verified.