Property summary
This exceptional investment opportunity presents a four-unit multifamily property situated on a spacious 0.63-acre lot in New Port Richey, Florida, at 6711 Durian Trail, zip code 34653. The property, totaling 2,146 square feet, is currently configured as a duplex/triplex/quadruplex and offers significant potential for renovation and increased rental income. The property includes a 2/2 mobile home, a detached three-car garage with a workshop, and a separate guest cottage with a half-bath. While the property requires substantial renovation, including updates to the A/C, roof, and flooring, the large lot size and multiple structures present a unique opportunity for a savvy investor. The property has several patio areas, although some require repair due to storm damage. Utilities include county water, three septic systems, and a well. The property is zoned R2 for low-density residential use, allowing for various business applications. Its location, just behind an assisted living facility and near Dobies Funeral Home, offers convenient access to local amenities. The property also benefits from two access points. This is a fixer-upper with considerable upside potential for the right buyer. The asking price is $140,000. This property is located in an X flood zone.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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