BEDS4
BATHS
SQUARE FEET2,464
MLS#W7889441
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOLD GROVE
Property Description
DUPLEX OPPORTUNITY MINUTES FROM DOWNTOWN NEW PORT RICHEY! Offered at just $299,900, this concrete-block duplex presents a compelling opportunity for investors, owner-occupants and buyers looking to build long-term rental income. The property features two separate 2-bedroom, 1-bath units, and BOTH ARE CURRENTLY VACANT, giving the next owner the freedom to renovate, select tenants and establish rents without inheriting existing leases. With approximately 2,464 total square feet, there is plenty of room and plenty of potential. Unit 5403 is currently in better overall condition, while Unit 5409 provides additional value-add opportunity through updating and improvements. The property is dated, but that is exactly where the upside lies. Renovate both units for your rental portfolio, live in one side while renting the other, or improve the property over time as part of a long-term investment strategy. Comparable 2-bedroom rentals in the surrounding New Port Richey market demonstrate strong rental potential, while the location puts residents just minutes from Downtown New Port Richey's restaurants, shopping, parks, entertainment and community events. Two units. Both vacant. Approximately 2,464 square feet. $299,900. Bring your vision and take advantage of an increasingly hard-to-find multifamily opportunity in the heart of New Port Richey.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.17 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $3,820
Year Built: 1984
Amenities
Eat-in Kitchen
Fence
Feature Descriptions
Annual Net Income: 2900.00
Appliances: Range
Directions: From US 19, East on Gulf Drive, South on Madison. East on Warren Ave. On Corner of Warren and Drinkard
Exterior: Block
Flood Zone Code: AE*
Flooring: Carpet, Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Corner Lot, City Limits, Paved
Lot Dimensions: 0.17
Ownership: Fee Simple
Parking: Common, Driveway
Parking Notes: Common, Driveway
Patio/Porch: Deck
Pets Allowed: Yes
Property Attached Y/N: Yes
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Supra Lock Box
Special Sale Provisions: None
Units: 2
Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R3
Local Schools
High School: Gulf High-PO
Middle School: Gulf Middle-PO
Elementary School: Cotee River Elementary-PO
Listed By / Shown By
Listed By
Agency Name: SANDPEAK REALTY
Agency Contact: 727-232-2192
Shown By
Agent Name: Jessica Leacock
Agent Phone: (813) 618-8132
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,073.25 per month $667.45 Principal & Interest $318.33 Property Tax $87.47 Homeowner's InsuranceChange Payment Information
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5403 Drinkard Drive | MLS# W7889441
This multi-family property located at 5403 Drinkard Drive , New Port Richey, FL 34653 is currently listed for sale with an asking price of $299,900. Search New Port Richey real estate on jleacock.floridaexecutiverealty.com today.