Sunshine Commons 5636-5654 River Road 8 Unit Apartment Building $1,150,000 ($143,750/Unit) New Port Richey, FL 34652

Sunshine Commons is an 8-unit garden-style multifamily community located in the heart of New Port Richey, Florida, just off River Road and minutes from the downtown core and coastal amenities. This well-positioned asset consists of three single-story buildings on approximately 0.52 acres, with a total of 5,400 square feet and efficient 1 bed / 1 bath layouts averaging 675 square feet per unit. Built in 1973 and benefiting from a full interior remodel completed in 2022, the property offers residents updated finishes, functional floor plans, and on-site surface parking with a ratio of 1.5 spaces per unit. The site is zoned MF-30 (High Density Residential), providing attractive long-term multifamily land use in a growing West Pasco submarket.
The property’s level topography, straightforward site plan, and low-maintenance construction make Sunshine Commons an ideal fit for both local and out-of-area multifamily investors seeking a manageable, easy-to-operate asset. Residents enjoy convenient access to major corridors, employment centers, retail, dining, and lifestyle amenities in New Port Richey and the broader Tampa Bay region. With its stabilized occupancy, updated interiors, and desirable unit mix, Sunshine Commons is a compelling opportunity to secure a turnkey, coastal-proximity multifamily asset in a supply-constrained submarket.