About 5816 Congress Street 102
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.
Features of 5816 Congress Street 102
| MLS® # | TB8435439 |
|---|---|
| Price | $129,500 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 920 |
| 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 102
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