GREAT FIX AND FLIP OR BUY AND HOLD IN 5611 James St, New Port Richey, FL 34652 12 UNIT MULTI

$1,479,900

Beds

Baths

5,100

Sq ft

1970

Year built

$155K spread

About this property

12-Unit Multifamily Portfolio - Fully Updated with Strong Rental Income ($15,750 Per Month)

5611 & 5629 James St, New Port Richey, FL 34652

Property Overview

12 Total Units
15 Bedrooms / 12 Bathrooms
Built in 1970
Flood Zone X
No Flood Insurance Required
Rent Roll Available Upon Request

Unit Breakdown

3 Units - 2 Bed / 1 Bath
9 Units - 1 Bed / 1 Bath

Recent 2025 Improvements

Brand-New Roofs
Updated Electrical Panels
Fresh Exterior Paint
New Mini-Split A/C Systems Installed in All Units

Investment Highlights

Multifamily Asset
12 Income-Producing Units
Major Capital Improvements Completed
Reduced Immediate CAPEX
Strong Rental Demand Area
No Flood Insurance Requirement
Excellent Buy-and-Hold Opportunity
Stable Cash Flow Potential

Terms

As-Is Sale
Cash or Hard Money Only
Seller selects escrow and title agent
Buyer covers all closing costs
Inspect before contracting

Rent breakdown available upon request.

Property snapshot

Layout15 Bed / 12 Bath

Living area5,100 sq ft

Lot size1 sq ft

Year built1970

Property typeMulti-Family

CountyPasco County

Deal details

Asking price$1,479,900

ARV estimate$1,635,000

Spread (ARV − asking)$155,100

Brought to you by

Ms. Meriam Aberri

Miami Off-Market Deals

+1 (305) 762-9521 office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

Request the deal package — comps, seller walkthrough and terms, sent to verified buyers usually within the hour.

Inquire privately

Licensed Florida brokerageConfidential — verified buyers only

Fast Direct Access

Get the full deal package

Off-market comps, the seller walkthrough packet, rent roll and terms — sent to verified buyers, usually within the hour.

The numbers

Asking

$1.48M

ARV est.

$1.64M

Spread

$155K

Run this in the flip calculator