New Port Richey under 60k – Green Key Rd. New Port Richey For Sale

  • $58,750
  • 2 beds
  • 1 baths
  • 1,018 sqft

This property consists of 2 bedrooms and 1 bathroom with over 1,000 square feet of living space. This home is tenant occupied until April 2021. The tenant is currently happy, with no complaints and paying on time. Current rent is $625. Once the tenant moves out, we recommend a top to bottom remodel of the property to maximize profits. An investor who chooses to flip this property once the lease is up could net plus 20% ROI equating to over twenty thousand dollars in potential net profits. The kitchen needs updating with new cabinets and countertops. Updates to the bathroom and some nice tile flooring would go a long way in this home. The air conditioning should be converted from window units to a central HVAC system to make the home more comfortable and modern. Another option might be to give the tenant cash for keys to start this flip sooner, rather than later.

Price:
$58,750
Address:
Green Key Rd.
New Port Richey, FL 34652
Square Feet:
1,018
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1955
Basement:
$36,700
MLS #:
Rental: $625 mo. / $7,500 yr., Flip: $125,000

Call (407) 678-0062 for more details

Property Location