5816 CONGRESS ST #201 new Save Request In-Person Tour Request Virtual Tour
New Port Richey,FL 34653
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 985 sqft
Price per Sqft $131
Subdivision Glen Crest Condo
MLS Listing ID TB8434394
Bedrooms 2
Full Baths 2
HOA Fees $302/mo
Year Built 2004
Annual Tax Amount $2,216
Lot Size 1.830 Acres
Property Sub-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.
Location
State FL
County Pasco
Community Glen Crest Condo
Area 34653 - New Port Richey
Zoning MF1
Interior
Heating Electric
Cooling Central Air
Flooring Laminate,Luxury Vinyl
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Exterior Feature Lighting,Sidewalk
Community Features None
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Roof Type Metal
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Private
Structure Type Block
New Construction true
Schools
Elementary Schools Cotee River Elementary-Po
Middle Schools Gulf Middle-Po
High Schools Gulf High-Po
Others
Monthly Total Fees $302
Special Listing Condition None