About 5816 Congress Street 101
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.
Features of 5816 Congress Street 101
| MLS® # | TB8435029 |
|---|---|
| Price | $129,500 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 985 |
| Acres | 1.83 |
| Year Built | 2004 |
| Type | Residential |
| Sub-Type | Condominium |
| Status | Active |
Listing Details
| Office | LIFES A BEACH REAL ESTATE |
|---|
Listing Map
Neighborhood Information for 5816 Congress Street 101
Low Residential Turnover, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Gulf Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
0 Miles | |
|
Esther's School - New Port Richey Private - to |
1 Miles | |
|
|
Esther's School Private - Kindergarten to 12Th Grade |
1 Miles | |
|
Schwettman Education Center Public - 6Th Grade to 12Th Grade |
1 Miles | |
|
|
Gulf High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Gulf High Adult Education Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
|
Ami Kids Pasco Public - 8Th Grade to 12Th Grade |
1 Miles |
School data provided by GreatSchools