5403 Drinkard Drive, New Port Richey, FL 34653
- $299,900
- 4
- BD
- 2
- BA
- 2,464
- SqFt
- List Price
- $299,900
- MLS#
- W7889441
- Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,464
- Lot Size
- 7,200
- Subdivision
- Old Grove
- Year Built
- 1984
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.
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Additional Information
- Community Features
- No Deed Restriction
- Style
- Duplex
- Interior
- Eat-in Kitchen
- Interior Features
- Eat-in Kitchen
- Appliances
- Range
- Exterior Construction
- Block
- Exterior
- Fence
- Roof
- Shingle
- High School
- Gulf High-PO
- Middle School
- Gulf Middle-Po
- Elementary School
- Cotee River Elementary-Po
- Located Near
- Corner Lot, City Limits, Paved
- Utilities
- Electricity Connected, Public, Sewer Connected, Water Connected
- Garage
- Common, Driveway
- Floor
- Carpet, Vinyl
- Heating
- Central, Electric
- Cooling
- Central Air
- Pool Type
- No Pool
Listing courtesy of SANDPEAK REALTY.
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