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

Local realty services provided by:Tomlin St Cyr Real Estate Services ERA Powered
5816 Congress Street #201,New Port Richey, FL 34653
$129,500
  • 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:$129,500
  • Price per sq. ft.:$131.47
  • 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:1 day(s) ago
  • Updated:October 07, 2025 at 01:37 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:985 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric

Structure and exterior

  • Roof:Metal
  • Year built:2004
  • Building area:985 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:Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$129,500
  • Price per sq. ft.:$131.47
  • Tax amount:$2,216 (2024)
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