Florida
New Port Richey
5816 CONGRESS STREET 201

$129,500

5816 CONGRESS STREET 201, New Port Richey, FL 34653

2 beds |
2 baths |
985 sqft

Condominium
Built in 2004
1.83acre lot
—— car garage
$131/sqft
Listed 3 days ago

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.

Listing Status:: Active
Date Added:: October 6, 2025 at 05:00AM
Listing Office:: LIFES A BEACH REAL ESTATE : 972-415-2502
Listing Agent:: Matt Mayers : 727-678-1074
MLS ID:: TB8434394

General: Ceiling Fan(s)Primary Bedroom Main FloorThermostat
Appliances: Convection OvenCooktopDishwasherDisposalElectric Water HeaterFreezer
Laundry: Electric Dryer HookupWasher Hookup
Flooring: LaminateLuxury Vinyl
A/C: Central Air
Heating: Electric

General: LightingSidewalk

Roofing: Metal
General: BlockOneSlab

Road/Access: Asphalt
HOA Amenities: Cable TVInternetMaintenance StructureMaintenance GroundsMaintenance RepairsNoneSewerTrashWater302.0Monthly
Originating MLS: Stellar MLS
County: Pasco

Zoning: MF1GLEN CREST CONDOMINIUM OR 6742 PG 1 BLDG B UNIT 201162609022.000B.00201.0

Utilities: Electricity ConnectedSewer ConnectedWater Connected
Water: Private
Sewer: Public Sewer

Source: Stellar MLS

This listing courtesy of Matt Mayers, LIFES A BEACH REAL ESTATE

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Cotee River Elementary School

7515 Plathe Rd, New Port Richey, FL, 34653

Grades KG-5

1.06 miles away

Gulf Middle School

6419 Louisiana Ave, New Port Richey, FL, 34653

Grades 6-8

0.11 miles away

Schwettman Education Center

5520 Grand Blvd, New Port Richey, FL, 34652

Grades 6-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.