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5800 & 5802 Tennessee AVENUE, New Port Richey, FL, 34652 | $398,000
Under contract-accepting backup offers. Two houses on one lot! Discover a rare and exciting opportunity in the heart of New Port Richey! This fully renovated, dual-dwelling property sits on a generous 0. 25-acre lot, offering endless potential for multi-generational living or as an income-generating investment. The main house features 3 bedrooms, 1 full bath, a 1-car garage equipped with a brand-new mini split A/C, and an enormous backyard with endless customization potential. Whether you dream of a sparkling pool, a custom playground, or an outdoor entertainment space, this expansive yard offers the perfect canvas to create your private oasis.
Both homes have recently undergone roof replacements in 2024 and withstood Hurricane Helene and Hurricane Milton with no damage, offering complete peace of mind. The second dwelling is a charming 649-square-foot cottage with 1 bedroom, 1 full bath, a cozy living room, full size kitchen, laundry area and a built in security system. The cottage's design and renovation is consistent with the main house. This cottage, grandfathered in on the lot and registered with the city of New Port Richey, has its own private entrance and parking on Sunshine Alley, providing complete privacy. It is currently rented for $1, 850 until November 4.
This property offers flexibility for investors or those seeking extra space for family. Use the main house as your primary residence while continuing to rent the cottage, or have the cottage as a guesthouse for in-laws. Both homes feature updated tile floors, modern kitchens, elegant interior doors, and ceiling fans throughout.
Located just a short 3-minute golf cart ride or 20-minute stroll from vibrant downtown New Port Richey, you’ll enjoy access to fine restaurants, trendy bars, boutique shopping, and cultural hotspots. Sims Park, with its scenic waterfront views and year-round events, is a local highlight. The revitalized downtown area is attracting new visitors and residents, making it a great time to invest. Additionally, you're close to Gulf Coast beaches and the New Port Richey Recreation & Aquatic Center.
Whether you’re looking for a family home with extra space or a fantastic investment opportunity, this dual-dwelling property offers endless possibilities. Don’t miss your chance to own this gem in a rapidly growing community!
Features
- Rooms: 6
- Bedrooms: 3
- Baths: 1 full
- Lot Size: 75 x 147
- Laundry: In Garage
- Style: Cottage, Florida
- Year Built: 1950
- Garage: 1-car Driveway, Ground Level
- Heating: Central, Electric
- Cooling: Central Air
- Approx Sq. Feet: 1,112
- Acreage: 0.25
- Lot Size: 75 x 147
- Est. Taxes: $5,311
- Lot Desc: City Lot, Level, Sidewalk
- View: City
- Pet Policy: Yes
- Appliances: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- MLS#: W7868919
- Days on Market: 13 days
- Website: https://www.raveis.com
/prop/W7868919/5800and5802tennesseeavenue_newportrichey_fl?source=qrflyer
Listing courtesy of LPT Realty Phone: 877-366-2213
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5800 & 5802 Tennessee AVENUE, New Port Richey, FL, 34652
$398,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $318,400 | $318,400 | $318,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | $443 | $443 | $443 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,118 | $2,116 | $2,685 |
| Total Monthly Payment | $2,636 | $2,634 | $3,203 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388