5636-5654 River Road - Apartments FOR SALE


New Port Richey, FL 34652- Greater New Port Richey South
$1,150,000 USD
813-810-2709
5636-5654 River Road, New Port Richey, FL for Sale
$1,150,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

5636-5654 River Road
New Port Richey, FL 34652
Greater New Port Richey South


OVERVIEW

Sunshine Commons is an 8-unit garden-style multifamily community located in the heart of New Port Richey, Florida, just off River Road and minutes from the downtown core and coastal amenities. This well-positioned asset consists of three single-story buildings on approximately 0.52 acres, with a total of 5,400 square feet and efficient 1 bed / 1 bath layouts averaging 675 square feet per unit. Built in 1973 and benefiting from a full interior remodel completed in 2022, the property offers residents updated finishes, functional floor plans, and on-site surface parking with a ratio of 1.5 spaces per unit. The site is zoned MF-30 (High Density Residential), providing attractive long-term multifamily land use in a growing West Pasco submarket. The property’s level topography, straightforward site plan, and low-maintenance construction make Sunshine Commons an ideal fit for both local and out-of-area multifamily investors seeking a manageable, easy-to-operate asset. Residents enjoy convenient access to major corridors, employment centers, retail, dining, and lifestyle amenities in New Port Richey and the broader Tampa Bay region. With its stabilized occupancy, updated interiors, and desirable unit mix, Sunshine Commons is a compelling opportunity to secure a turnkey, coastal-proximity multifamily asset in a supply-constrained submarket.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

8

PRICE/UNIT

$143,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunshine Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,500 SF

ZONING

MF2

APN/PARCEL ID

08-26-16-0280-00700-0060

ASK ABOUT THIS PROPERTY

Alberto MagliozziMRG Realty PartnersMore Info
813-810-2709

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Alberto MagliozziMRG Realty PartnersMore Info
813-810-2709

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.