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 youre seeking a clean, affordable home or a high-performing, cash-flowing investment this one checks all the boxes. Cash-only sale.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 12 x 12
- Bedroom 2 Dimensions: 12 x 12
- Primary Bedroom Level: First
- Bedroom 2 Level: First
Other Rooms
- Total Rooms: 6
- Primary Bathroom: 8 x 6
- Primary Bathroom Level: First
- Family Room Dimensions: 12 x 14
- Living Room Dimensions: 12 x 14
- Family Room Level: First
- Living Room Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Ceiling Fans(s)
- Ninguno
- Furnished Description: Unfurnished
- Flooring: Ceramic Tile, Laminate
Appliances
- Dishwasher
- Disposal
- Electric Water Heater
- Freezer
- Microwave
- Refrigerator
- Laundry Features: Electric Dryer Hookup, Washer Hookup
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Electric
Kitchen and Dining
- Kitchen Dimensions: 8 x 10
- Kitchen Level: First
Exterior and Lot Features
- Sidewalk
- Road Surface Type: Asphalt
Land Info
- Lot Size Acres: 1.83
- Lot Size Square Feet: 79764
Homeowners Association
- Association: Yes
- Association Fee Frequency: Monthly
- Association Fee Includes: Cable TV, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 302
- Association Name: Qualified Property Management, Inc.
- Association Phone: 7278699700
- Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit
- Pet Description: Pet Restrictions: Verify with Mgmt Co., Pet Size: Small (16-35 Lbs.), Number Of Pets: 2
School Information
- Elementary School: Cotee River Elementary-PO
- High School: Gulf High-PO
- Middle School: Gulf Middle-PO
Condo Info
- Unit Floor In Building: 2
Rental Info
- Lease Term: Minimum Lease: 1 Month
Other Property Info
- Annual Tax Amount: 2216.16
- Tax Block: 00B.00
- Source Listing Status: Active
- County: Pasco
- Directions: From Clearwater-Get on US-19 N, Continue north on US-19 / Alternate 19 through Pinellas and into Pasco County. Stay on US-19 N, then take the exit toward FL-54 / Little Rd / New Port Richey (depending on exact intersection). Turn onto FL-54 W (or Little Rd, then west) heading toward the interior of New Port Richey. From FL-54 or the local road you’re on, turn onto Congress St (or the local street system) and follow until you reach 5816 Congress St. From Tampa ? 5816 Congress St, New Port Richey, head west toward I-275 W (or appropriate highway connecting toward Pinellas). Take I-275 W across Tampa Bay via the Courtney Campbell Causeway into Pinellas County. Continue west/north as needed to connect with US-19 N / Alternate 19 N or a suitable highway that heads north through Pinellas into Pasco. Once in Pasco County, follow US-19 N / Alternate 19 N north and then take the FL-54 / Little Rd exit toward New Port Richey Navigate via local roads to Congress St, then to 5816 Congress St.
- Tax Year: 2024
- Ownership: Condominium
- Source Property Type: Residential
- Area: 34653 - New Port Richey
- Property Subtype: condo
- Source Neighborhood: GLEN CREST CONDO
- Parcel Number: 16-26-09-022.0-00B.00-101.0
- Postal Code Plus 4: 4308
- Public Survey Range: 16E
- Public Survey Section: 9
- Subdivision: GLEN CREST CONDO
- Township: 26S
- Zoning: MF1
- Property Features: Condo Fees: 302 Monthly
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 985
- Year Built: 2004
- Building Area Source: Public Records
- Building Area Total: 985
- Building Name: 5816
- Construction Materials: Block
- Direction Faces: North
- Foundation Details: Slab
- Levels: One
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Property Age: 21
- Property Condition: Completed
- Roof: Metal
- Levels or Stories: 1
- Building Total Stories: 1
- Structure Type: Corner Unit
Utilities
- Sewer: Public Sewer
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source: Public
