5816 CONGRESS STREET, New Port Richey, FL 34653

  • $123,500
  • $129,000
5816 CONGRESS STREET, New Port Richey, FL 34653
  • TB8435029
  • Property ID
  • Condominium, For Sale
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 985
  • Sqft
  • 2004
  • Year Built
Completed
5816 CONGRESS STREET, New Port Richey, FL 34653
5816 CONGRESS STREET, New Port Richey, FL 34653
  • $123,500
  • $129,000

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 5816 CONGRESS STREET
  • City New Port Richey
  • State/county FL
  • Zip/Postal Code 34653

Details

Updated on March 6, 2026 at 8:48 pm
  • Price: $123,500
  • Property Size: 985 Sqft
  • Land Area: 1.83 Acres
  • Bedrooms: 2
  • Bathrooms: 2
  • Garage Size: x x
  • Year Built: 2004

Additional details

  • Roof: Metal
  • Utilities: Electricity Connected,Sewer Connected,Water Connected
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • Flooring: Ceramic Tile,Laminate
  • County: Pasco
  • Property Type: Residential
  • Elementary School: Cotee River Elementary-PO
  • Middle School: Gulf Middle-PO
  • High School: Gulf High-PO
  • Community Features: None

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