5816 Congress Street #201, New Port Richey, FL 34653
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
5816 Congress Street #201,New Port Richey, FL 34653
$129,500
- 2 Beds
- 2 Baths
- 985 sq. ft.
- Condominium
- Active
Listed by:matt mayers
Office:lifes a beach real estate
MLS#:TB8434394
Source:MFRMLS
Price summary
- Price:$129,500
- Price per sq. ft.:$131.47
- Monthly HOA dues:$302
About this home
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.
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Home facts
- Year built:2004
- Listing ID #:TB8434394
- Added:1 day(s) ago
- Updated:October 08, 2025 at 12:00 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:985 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric
Structure and exterior
- Roof:Metal
- Year built:2004
- Building area:985 sq. ft.
- Lot area:1.83 Acres
Schools
- High school:Gulf High-PO
- Middle school:Gulf Middle-PO
- Elementary school:Cotee River Elementary-PO
Utilities
- Water:Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$129,500
- Price per sq. ft.:$131.47
- Tax amount:$2,216 (2024)
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