5816 CONGRESS STREET, New Port Richey, FL 34653
- $129,500
5816 CONGRESS STREET, New Port Richey, FL 34653
- $129,500
Overview
- Multi Family, Residential Income
- 6
- 6
- 985 Sqft
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.
Address
Open on Google Maps-
Address: 5816 CONGRESS STREET
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City: New Port Richey
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State/county: FL
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Zip/Postal Code: 34653
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Country: US
Details
Updated on December 3, 2025 at 9:40 pm-
Property ID HZTB8435104
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Price $129,500
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Property Size 985 Sqft
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Land Area 1.83 Acres
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Bedrooms 6
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Bathrooms 6
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Garage Size x x
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Year Built 2004
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Property Type Multi Family, Residential Income
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Property Status Canceled
Additional details
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Listing Terms Cash
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Association Fee 302
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Roof Metal
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Utilities Electricity Connected,Sewer Connected,Water Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Electric
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Flooring Ceramic Tile,Laminate
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County Pasco
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Property Type Residential Income
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Parking Common,Off Street
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Elementary School Cotee River Elementary-PO
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Middle School Gulf Middle-PO
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High School Gulf High-PO
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Community Features None
Mortgage Calculator
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