New Port Richey - Beach Property For Sale #5645727

Discover the perfect blend of comfort and investment opportunity in this beautifully renovated mobile home, situated on a coveted deeded triple lot. The home has remained high and dry except for Hurricane Helene, known as the storm of the century. Needs approximately $30,000 in rehab due to flood damage. A certified raised sealed inspection report is available, making compliance with FEMA 49% rule much easier.
This property not only offers a spacious 3-bedroom, 2-bath home with an open floor plan but also includes an investment lot ready for your creative touch. One of the three lots is primed for rental--ideal for RV snowbirds or a tiny home for additional passive income. Separate entrance and utilities make it easy to manage. Independent power pole, sewer system, and shared water supply. The home was fully renovated 4 years ago. The slider and many of the windows have been replaced and most of the aluminum roof was replaced, and rain gutters ('20). All new PEX plumbing goes through the house to the meter and a covered back patio. Enclosed by a 6 ft privacy fence, featuring a convenient driveway for ease of access. This property offers numerous possibilities, including the option to rehab home with minimal investment, tear down the existing home and build a multi-family or stilt home, and rent out third lot for steady passive income. With potential annual rental income of $24,000 from the main home and an additional $9,600 if the third lot is rented to an RV, this property presents a lucrative opportunity for investors. Consider maximizing your return further by offering the home as a furnished for seasonal guests. Ideal for cash buyers looking for a project with instant equity potential. Just 0.2 miles to Green Key Beach for sun-soaked days by the Gulf. A short golf cart ride to historic downtown New Port Richey, filled with shops, dining, and entertainment. Beautiful new communities and homes being built nearby. A rare find under $150,000 in a prime location! Don't miss out on this unique investment opportunity.