8-Unit Multifamily | 100% Occupied

Property Description
Well-maintained 8-unit multifamily property located in the heart of downtown New Port Richey. The asset consists of four separate 2-unit buildings situated on an oversized lot, offering strong in-place income with long-term upside. The property is 100% occupied with stable annual leases in place. Recent improvements include new roofs (2025) and fresh exterior paint (2025), with many units already updated. Several units remain below market rents, providing a clear path for future income growth. Current gross rents are $131,400 annually. Ideally positioned just minutes from the vibrant downtown corridor, riverfront, parks, restaurants, and retail, making this an attractive option for both tenants and investors. Seller financing available!

Location Description
Well-located in downtown New Port Richey near the riverfront, parks, and retail amenities, just off Missouri Avenue and minutes from the vibrant downtown corridor. From Main street heading west, turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.

Highlights
8-Unit Multifamily/ 4 Buildings W/ 2-Units Each
100% Occupied W/ Annual Leases
Rent Roll $131,400.00
0.52 Acres in Downtown New Port Richey
New Roof 2025
6x Units 1BR/1Bath/ 2x Units 2BR/1Bath
Zoned MF-2