Development or Cashflow Opportunity! – FL 34668 Pending

  • $1,375,000
  • 6 beds
  • 6 baths
  • 4,492 sqft

Property Details:

Here is a truly unique income-producing property in the heart of Port Richey. Situated down a private road, this 16-acre property features two large cabin-style homes with its own private lake. The main cabin home is 2,674 square feet with three bedrooms and four bathrooms. It features a new roof and AC, natural pine vaulted ceilings, a wood-burning fireplace, and an in-ground plunge pool. The second house has 1,818 square feet and three bedrooms with two bathrooms. It has a newer AC system and a laundry room. Investors might look to maintain the cabin-style appearance of these homes while making updates to maximize their ROI. These two homes paired with the location of the property make this a fantastic short-term rental opportunity. Furthermore, the current zoning allows for two additional units to be built or added. With sixteen acres and a private lake, this property could also be converted and run as a camp/fishing ground, a tiny home site, or a floating cabin site with, proper city approval. The previous owner was approached by numerous developers so purchasing and re-marketing the property could be a viable exit strategy as well. Timing is everything and this property is now available at an incredibly discounted price of $86,000/per acre. Call us before its gone!

Price:
$1,375,000
Address:
Congress St.
Port Richey, FL 34668
Square Feet:
4,492
Bedrooms:
6
Bathrooms:
6
Terms:
For Sale
Property Type:
Home
Year Built:
1978
Basement:
$52,000
MLS #:
$1,850,000

Call (321) 379-5777 for more details

Property Location