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5117 Mallett Drive, Port Richey, FL 34668

$428,900
  • 5117 Mallett Drive, Port Richey, FL 34668 Main Photo

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Active
BEDS5 BATHS SQUARE FEET1,928 MLS#TB8405807
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBEHMS

Property Description

Great Investment Opportunity! INSTANT INCOME! UNIT 1 HAS PAYING TENANT (could be vacated if requested), FURNISHED STUDIO IS AVAILABLE, PLUS, THE 1 BED, 1 BATH W/ KITCHEN/LIVING ROOM AVAILABLE TO RENT! Total potential annual earnings approx $50K! This updated versatile multi-unit rental property offers exceptional flexibility and income potential, whether you are looking for a short term rental property for an AirBnB, monthly room rental, or long term rentals -THIS PROPERTY HAS OPTIONS! The first floor (Unit 1) features 3BR/2BA with an updated kitchen & stylish bathrooms, great for long-term tenants. Unit 2: is a charming furnished studio/kitchenette with a separate entrance, great for short-term rental, a guest or owner's suite. Include it with Unit 1 or Unit 2 to make it an In-Law Suite! - UNIT 1 IS CURRENTLY RENTED OUT! The second floor, (Unit 3) is a nice 1BR/1BA with a kitchen, living room & screened porch! Enjoy quiet evenings by the firepit on this dead end road with a wooded view. The interior & exterior have been nicely updated: granite counters, stainless steel appliances, luxury vinyl & tile flooring, tile bathrooms, paint inside/out & new roof (2020). Plus, there is a storage room. Whether you're looking to expand your rental portfolio, live on-site and rent the rest, or house multiple generations, this property offers endless possibilities. Located in an ideal location, walk to Whiskey River on the water, plus there are other nearby restaurants such as Hooters & Crab Shack. Marinas, shopping & local boating hotspots such as Anclote Key & the Sandbar make it even more appealing! Schedule your showing today!

5117 Mallett Drive | MLS# TB8405807

This multi-family property located at 5117 Mallett Drive, Port Richey, FL 34668 is currently listed for sale with an asking price of $428,900. Search Port Richey real estate on www.adamscameroncommercial.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Ductless
Lot Size: 0.24 Acres
Roof Type: Shingle
Taxes: $4,713
Year Built: 1968

Amenities

Ceiling Fans(s)
Open Floorplan
Stone Counters
Lighting
Storage

Feature Descriptions

Additional Rooms: Storage Rooms
Annual Net Income: 46300.00
Appliances: Electric Water Heater, Microwave, Range, Refrigerator
Days on Site: 237
Directions: From Hwy 19 take Cedar Lane to Pier Rd, Left on Mallett Dr, property as at the end of the street on the right.
Exterior: Block, Stucco
Flood Zone Code: AE
Flooring: Ceramic Tile, Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Owner Financing
Lot Dimensions: 0.24
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Combination Lock Box, Lock Box Coded, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 3
Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R2

Listed By / Shown By

Listed By

Agency Name: ERA AMERICAN SUNCOAST REALTY
Agency Contact: 352-795-6811

Shown By

Agency Title: Adams Cameron & Co. REALTORS - Commercial
Agency Phone: (386) 252-3120

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Estimated Payment

$ 2,800.63 per month $2,282.79 Principal & Interest $392.75 Property Tax $125.10 Homeowner's Insurance

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