5816 CONGRESS STREET UNIT 201 at

5816 CONGRESS STREET UNIT 201

For sale Days on market 107

$129,000

$131/sq ft

$500
Price Decreased

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Overview

Bedroom

Bath

Year Built

2004

Sqft

985

Property Type

Condominium

Property Description

Updated condo in the heart of New Port Richey! This unit is one (1) of three (3) available investment properties, all currently rented and producing a combined monthly income of $4,650. An excellent investment opportunity with strong returns — this particular unit rents for $1,550/month, offering a ~14.4% gross cap rate and an estimated ~10.0% net cap rate (based on a 30% expense ratio). Recent appraisal and inspection reports are included in the attachments. This well-maintained 2-bedroom, 2-bath corner unit features a spacious open living area, large kitchen, generous bedrooms, in-unit laundry, and extra storage space. Peacefully situated next to a quiet conservation area, this home offers privacy and a serene natural view. Located minutes from beautiful Gulf beaches, shopping, dining, and entertainment, with easy access to Tampa, St. Petersburg, Clearwater, and the airport. The low HOA fee ($302/month) covers water, sewer, and trash. Whether you’re seeking a clean, affordable home or a high-performing, cash-flowing investment — this one checks all the boxes. Cash-only sale.

Property Details

MLS#

TB8434394

Total Floor in Bldg

Address

5816 CONGRESS

City

New Port Richey

State/county

Zip/Postal Code

34653

Area

Glen Crest Condo

Country

United States

HOA

Yes

Assoc Fee

$302

Assoc Fee Pd

Monthly

Tax Amount

$2,216

Maint Fee

$--

Tax Year

2024

Convection Oven

Cooktop

Dishwasher

Disposal

Electric Water Heater

Freezer

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