Investor Opportunity! Cash Flow property in New Port Richey Florida. Two separate homes with two addresses on one parcel. Strong rental demand area. Established rental income already in place. No HOA fees NO LOT rent. Low annual taxes and low overhead expenses. City water with septic system. Separate electric meters. Long-term investment potential. Affordable housing market continues to grow in Pasco County. Hard-to-find multi unit set up not easily duplicated today. Excellent opportunity for investor, cash-flower buyer, or owner, investor. Property includes: 3 bedroom/ 2 bath mobile home plus 2 bed 2 bath mobile , one tax parcel with 2 income producing units. 5820 and 5824 OLIVE DR New Port Richey, FL owned land, no lot rent! 2 separate tenants in place. Clean updated interiors, washer/dryers stable tenants, large parking area.
Vensetta Park, located between US-19 and the Pithlachascotee River, is a residential and park-adjacent New Port Richey neighborhood with a leafy street grid and a low-rise, mid-century feel. The neighborhood’s character concentrates around the US-19 corridor near Main Street, where local diners, service storefronts, and everyday errands set a steady, lived-in rhythm. Architectural cues lean toward ranch homes and modest Florida bungalows with mature trees and wide driveways. Downtown New Port Richey’s cultural anchors—Richey Suncoast Theatre and the West Pasco Historical Society Museum & Library—add a classic small-city arts-and-history layer nearby. Sims Park and the riverfront greenway shape the outdoor routine with shaded walks and event lawns. The pace stays practical and grounded, with quick routes to Gulf beaches and the Pinellas Trail.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Appliances: Dryer, Range, Refrigerator, Washer
Laminate flooring
12 total rooms
Central air
Electric heating
Bedrooms
5 bedrooms
Bathrooms
4 full bathrooms
Kitchen
Range
Refrigerator
Dishwasher not listed
Laundry & utility
Laundry located inside
Washer and dryer included
Flooring
Laminate
Heating & cooling
Electric heating
Central air conditioning
Exterior features
Private mailbox
Gravel road access
Lot approximately 0.12 acre (0.12 acres)
Home design
Single-wide mobile home
One story
Faces east
Residential property type
Parking
Has a 1-space carport
Construction
Metal siding
Membrane roof
Pillar/post/pier foundation
Built as a mobile home (single wide)
Utilities
Public water
Septic tank
Public utilities available
HOA & community
No association reported
Financial info
No lease restrictions indicated
Other
Additional parcel(s) included
Electricity and solar
View estimated energy costs and solar savings for this home
* * * CASH Only Deal * * * Investors or Handyman's Dream. Income property. 2 mobile homes on a large lot. Fixer upper. Mobile homes have been empty for 3 years. One unit is 3 BR 2 BA and smaller unit is a 2BR 1BA Nice lot faces wooded area. Close to the Cottee River and Sims Park. Close to Public Transportation. Sold AS IS
The purpose of the R-1MH Single-Family/Mobile Home District is to provide for the continued development of a mixed pattern of conventional residences and mobile homes, situated on individual lots, in established areas.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Educational/school
Housing-Mobile home park
Climate risks
7/10 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 108° expected this year, 24 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
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Redfin Estimate
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $145,000 and $290,000.