5816 Congress Street #102, New Port Richey, FL 34653

Local realty services provided by:ERA Grizzard Real Estate
5816 Congress Street #102,New Port Richey, FL 34653
$129,500
  • 2 Beds
  • 2 Baths
  • 920 sq. ft.
  • Condominium
  • Active
Listed by:matt mayers
Office:lifes a beach real estate
MLS#:TB8435439
Source:MFRMLS

Price summary

  • Price:$129,500
  • Price per sq. ft.:$140.76
  • 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 Unit features a spacious open living area, large kitchen, generous bedrooms, in-unit laundry, and extra storage space. 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 #:TB8435439
  • Added:1 day(s) ago
  • Updated:October 07, 2025 at 05:31 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:920 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric

Structure and exterior

  • Roof:Metal
  • Year built:2004
  • Building area:920 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:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$129,500
  • Price per sq. ft.:$140.76
  • Tax amount:$2,030 (2024)
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