5816 Congress Street #201, New Port Richey, FL 34653

New Port Richey
Local realty services provided by:ERA American Suncoast
5816 Congress Street #201,New Port Richey, FL 34653
$123,500
  • 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:$123,500
  • Price per sq. ft.:$125.38
  • 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...

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Home facts

  • Year built:2004
  • Listing ID #:TB8434394
  • Added:185 day(s) ago
  • Updated:April 10, 2026 at 12:29 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Laminate, Luxury Vinyl
  • Kitchen Description:Convection Oven, Cooktop, Dishwasher, Disposal, Freezer
  • Bedroom Description:Primary Bedroom Main Floor
  • Living area:985 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Metal
  • Year built:2004
  • Building area:985 sq. ft.
  • Lot area:1.83 Acres
  • Construction Materials:Block
  • Exterior Features:Lighting, Sidewalk
  • Foundation Description:Slab
  • Levels:1 Story

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:$123,500
  • Price per sq. ft.:$125.38
  • Tax amount:$2,216 (2024)

Features and amenities

  • Appliances:Convection Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Freezer
  • Laundry features:Electric Dryer Hookup, Washer Hookup
  • Amenities:Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat
  • Pool features:Public Pool
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