5540 James St, New Port Richey, FL 34652

Unbelievable Investment Opportunity! 12-Unit Apartment Complex in New Port Richey – Just $321,000!

An extraordinary investment opportunity has emerged at 5540 James St, New Port Richey, FL 34652! This is not a single condo, but an incredible 12-unit apartment complex (multifamily property) offering a massive 9,384 sqft of total building space across its units. Comprising 10 two-bedroom, one-bathroom units and 2 one-bedroom, one-bathroom units, this property, built in 1981, is now available for an astonishingly low price of $321,000. This presents an unparalleled chance to acquire a significant income-generating asset at a fraction of typical market value, offering massive built-in equity and strong cash flow potential.

Located in thriving New Port Richey, a city known for its charming downtown, riverfront activities, and convenient access to the Gulf Coast, this property is ideally positioned to attract a consistent tenant base. The area’s rental market is robust, with 2-bedroom units in New Port Richey averaging around $1,515/month and 1-bedroom units at $1,321/month (July 2025 data).

Benefit from a direct investment with NO traditional HOA FEES for the entire complex, allowing you full control over property management and maximizing your net operating income. While annual property taxes are approximately $11,178 (buyer to verify current obligations), the exceptionally low purchase price and the estimated refinance payment of $6,197/mo (excluding taxes & insurance) mean a tremendous return on investment is possible. Positioned in Flood Zone X (minimal flood hazard), this property offers added peace of mind for operations. This is a once-in-a-lifetime chance to secure a high-yield, large-scale multifamily asset in Florida – an opportunity not to be missed!