5622-5640 MISSOURI AVENUE, NEW PORT RICHEY, FL 34652
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
32
$1,900,000
Home Details for 5622-5640 MISSOURI AVENUE
Price
$1,900,000
Type
Commercial Sale
Square feet
6378
Year built
1979
Lot size acres
0.52
County
Pasco
MLS Listing#
TB8503245
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 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.
Property Features
Utilities
Phone Available
Water Connected
Cooling Information
Central Air
Heating Information
Heat Pump
Water Features
Public
Listing Courtesy: BHHS FLORIDA PROPERTIES GROUP - 813-739-5700