5642 CONGRESS STREET

$49,000

$43/sq ft

$50,999
Price Decreased

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Overview

Bedroom

2

Bath

2

Year Built

1987

Sqft

1144

Property Type

Mobile Home

Property Description

Investor Special on the water! This 2-bedroom, 2-bath mobile home sits on a canal leading directly to the Cottee River and offers an incredible opportunity for cash buyers looking to maximize return on investment. Located just minutes from downtown New Port Richey. Rental demand in this area is strong, and with the right vision this home could pay for itself in as little as two years, then continue generating steady passive income well into the future. The home features a spacious layout and a beautiful kitchen, but it has sustained flood damage with water reaching floor level. The flooringand water vapor barrier will need to be replaced, and it is recommended that the electrical system be inspected. Buyers should also consult with the city on the required permitting process and compliance steps for renovation. Sold strictly as-is and available to cash buyers only, this property is a rare chance to secure affordable waterfront real estate in a high-demand rental market. With restoration, it could easily be transformed into a profitable long-term rental, a lucrative short-term investment, or your own private waterfront retreat. Schedule your showing today and explore the potential of this income-producing property.

Property Details

MLS#

W7873807

Address

5642 CONGRESS

City

New Port Richey

State/county

FL

Zip/Postal Code

34653

Area

Port Richey Land Co Sub

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$1,604

Maint Fee

$--

Tax Year

2024

Built-In Oven

Dishwasher

Electric Water Heater

Refrigerator

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Boris Gelfand