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About this home
5403 Drinkard Dr is a 1984-built home in Old Grove, New Port Richey. Inside you'll find 4 bedrooms, 2 bathrooms, and 2,464 square feet of living space. Listed at $299,900 (about $122/sqft), 23 days on market. Flood zone AE* - confirm flood insurance requirements with your lender.
DUPLEX OPPORTUNITY MINUTES FROM DOWNTOWN NEW PORT RICHEY! Offered at just $299,900, this concrete-block duplex presents a compelling opportunity for investors, owner-occupants and buyers looking to build long-term rental income. The property features two separate 2-bedroom, 1-bath units, and BOTH ARE CURRENTLY VACANT, giving the next owner the freedom to renovate, select tenants and establish rents without inheriting existing leases. With approximately 2,464 total square feet, there is plenty of room and plenty of potential. Unit 5403 is currently in better overall condition, while Unit 5409 provides additional value-add opportunity through updating and improvements. The property is dated, but that is exactly where the upside lies. Renovate both units for your rental portfolio, live in one side while renting the other, or improve the property over time as part of a long-term investment strategy. Comparable 2-bedroom rentals in the surrounding New Port Richey market demonstrate strong rental potential, while the location puts residents just minutes from Downtown New Port Richey's restaurants, shopping, parks, entertainment and community events. Two units. Both vacant. Approximately 2,464 square feet. $299,900. Bring your vision and take advantage of an increasingly hard-to-find multifamily opportunity in the heart of New Port Richey.
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The essentials
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Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$299,900
$122 per sq ft
Beds and baths
4 beds, 2 baths
Size
2,464 sq ft
Time on market
23 days
Year built
1984
Monthly payment
About $2,032/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,820 annual tax bill, insurance.
Flood zone
Zone AE*
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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