5622-5640 Missouri Ave, New Port Richey, FL 34652

5622-5640 Missouri Ave, New Port Richey, FL 34652
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$1,900,000
Beds Baths Sq. Ft. Taxes Built
10 8.00 6,378 $28,459.23 1979
On the market: 12 days

Est. Monthly Payment:

$13,749($11,377 + $2,372 taxes*)

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APPROVED
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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 fully 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.
Listing courtesy of Alex Hamilton & Erica Kielty, BHHS FLORIDA PROPERTIES GROUP & BHHS FLORIDA PROPERTIES GROUP