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 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: 5
- Primary Bathroom: 8 x 6
- Primary Bathroom Level: First
- Living Room Dimensions: 12 x 14
- Living Room Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Ceiling Fans(s)
- Furnished Description: Unfurnished
- Flooring: Ceramic Tile, Laminate
Appliances
- Dishwasher
- Disposal
- Electric Water Heater
- Freezer
- Refrigerator
- Laundry Features: Electric Dryer Hookup, Washer Hookup
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Electric
Kitchen and Dining
- Kitchen Dimensions: 6 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: 302
- Association Fee Frequency: Monthly
- Association Fee Includes: Internet, Maintenance Structure, Maintenance Grounds, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 604
- Association Name: Qualified Property Management, Inc.
- Association Phone: 7278699700
- Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit
- Pet Description: Pet Restrictions: With a fish exception, a unit owner may keep a maximum of 2 pets. Pets shall be defined as a dog, cat, bird, or fish. Max Pet Weight 25 Lbs., 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: 1
Rental Info
- Lease Term: Minimum Lease: 1 Month
Other Property Info
- Annual Tax Amount: 2029.76
- Tax Block: 00B.0
- 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.00-102.0
- 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: 920
- Year Built: 2004
- Building Area Source: Public Records
- Building Area Total: 920
- 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
- Roof: Metal
- Levels or Stories: 1
- Building Total Stories: 1
Utilities
- Sewer: Public Sewer
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source: Public
