5716 KENWOOD AVENUE NEW PORT RICHEY FL 34652 | MLS #TB8390381

Under contract-accepting backup offers. Don’t miss this rare investment opportunity in the heart of downtown New Port Richey. This well-maintained duplex features two separate units, each with private entrances, individual driveways, and updated interiors, offering strong rental income with future upside. The roof was replaced in 2018, and the entire exterior was freshly painted in 2024.
Unit 5718 features a remodeled kitchen, updated bathroom, fireplace, and a spacious Florida room. It currently functions as a large studio but can easily be converted into a one-bedroom layout. Tenant in place paying $1,000/month.
Unit 5716 is a cozy studio with a recently remodeled bathroom and a private entrance off Washington Street. Tenant in place paying $900/month.
Shared amenities include an exterior laundry area with washer and dryer (not coin-operated) and a large fenced yard. Both units have never experienced interior flooding. Tenants are on month-to-month leases, providing flexibility for future rental increases, repositioning, or redevelopment.
Current gross annual rental income is $22,800.
The property is ideally located just steps from downtown New Port Richey’s shops, restaurants, Sims Park, local festivals, and the scenic riverfront. Easy access to US-19 and the Suncoast Parkway makes commuting simple, and Gulf beaches are only a short drive away.
This income-producing property offers immediate cash flow with long-term potential in one of Pasco County’s most walkable and desirable areas. Schedule your private showing today.