FULLY OCCUPIED CASH FLOWING DUPLEX FOR SALE IN NEW PORT RICHEY FL | TURNKEY INVESTMENT OPPORTUNITY | NO HOA | PRE INSPECTED Welcome to 5045 GREEN KEY ROAD, NEW PORT RICHEY, FL 34652, a 100 PERCENT OCCUPIED INCOME PRODUCING DUPLEX delivering IMMEDIATE CASH FLOW with BUILT IN TRANSPARENCY AND REDUCED INVESTOR RISK and NO HOA. This TURNKEY PROPERTY features a 2 BEDROOM 2 BATHROOM MAIN RESIDENCE PLUS A DETACHED 1 BEDROOM 1 BATHROOM UNIT, creating a DUAL INCOME STREAM ideal for both seasoned investors and first time buyers entering CASH FLOWING REAL ESTATE. The property has been RENOVATED INSIDE AND OUT, including NEW FLOORING, NEW COUNTERTOPS, NEW KITCHEN CABINETS, AND AN UPDATED BATHROOM, offering LOW DEFERRED MAINTENANCE, and sits on a SPACIOUS 0.27 ACRE LOT WITH VALUE ADD AND EXPANSION POTENTIAL. Major system upgrades include a BRAND NEW ROOF (2026), HVAC (2025), and WATER HEATER (2025), providing long term peace of mind for investors. Enjoy additional features including a LARGE SCREENED IN LANAI AND ENCLOSED PORCH, along with PRIVATE LIVING SPACES FOR EACH UNIT to support STRONG TENANT RETENTION. Investor advantages include SEPARATELY METERED ELECTRIC, with tenants paying their own electric, and ONE SHARED WATER METER, helping maintain a FAVORABLE EXPENSE STRUCTURE. This property also offers PRE LISTING DUE DILIGENCE COMPLETED, including a CLEAN 4 POINT INSPECTION AND WIND MITIGATION REPORT, with REPORTS AND FLOOR PLAN ATTACHED IN THE MLS, providing CONFIDENCE FOR FINANCING, POTENTIAL INSURANCE SAVINGS, AND A SMOOTHER CLOSING PROCESS. Ideally located just minutes from GREEN KEY BEACH, DOWNTOWN NEW PORT RICHEY, SIMS PARK, THE COTEE RIVER, SHOPPING, DINING, AND MAJOR ROADWAYS, this property benefits from a HIGH DEMAND RENTAL LOCATION WITH STRONG LONG TERM APPRECIATION POTENTIAL. This is a STABILIZED, INCOME PRODUCING ASSET NOT A PROJECT, offering the perfect combination of IMMEDIATE CASH FLOW, LOWER OPERATIONAL RISK, STRONG INFRASTRUCTURE UPGRADES, AND FUTURE UPSIDE. DON’T MISS THIS OPPORTUNITY TO SECURE A PERFORMING INVESTMENT PROPERTY IN A GROWING GULF COAST MARKET. SCHEDULE YOUR PRIVATE SHOWING TODAY.
The purpose of the R-3 Medium Density Residential District is to provide for the orderly development of existing and proposed medium density residential areas, where adequate public service and transportation facilities are or will be available, and to exclude those uses not compatible with such development.; Further, it is the purpose of the R-3 Medium Density Residential District to provide areas for planned unit development at densities and in a manner compatible with the medium density residential development.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Educational/school
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 109° expected this year, 27 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
New Port Richey, FL • 34652
Average low and high temperatures (°F)
65
49
70
54
76
60
81
66
87
73
89
76
90
77
89
78
88
75
82
68
77
61
71
55
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 5045 Green Key Rd
$267,633
$12K under list price of $280K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $235K to $405K.