6709 River RdNew Port Richey, FL 34652
- Residential income properties
- 4,554 SF
Property Details for 6709 River Rd
- Year built
- 1969
- Property size (Sq ft)
- 4,554 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents two renovated duplexes totaling four units situated on a 0.8-acre lot at 6709, 6711, 6713, and 6715 River Road, New Port Richey, FL 34652. Built in 1969 and completely renovated in 2022, this Class C multifamily property boasts 4,554 square feet of net rentable space, offering a compelling value-add proposition. The property currently features two one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units, all currently 100% occupied, generating a strong net operating income (NOI) of $160,000, resulting in an attractive 8.6% capitalization rate. Priced at $615,000, this translates to $153,750 per unit and $135.05 per square foot. The property is offered fee simple. Please note that while square footage and tax information are derived from public records, the tax ID includes properties beyond these duplexes and requires separate verification. All details should be independently verified.
Location Insight
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Latitude
- 28.2551
- Longitude
- -82.724
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].