Location: Glen Crest Condo, New Port Richey
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5816 CONGRESS ST #101, NEW PORT RICHEY, FL 34653
$123,500238 Days on yellowkey MLS ID: TB8435029
0 Days Off yellowkey (back on 5/29/2026)
Bed: 2 Bath: 2.0 Liv Area Sq Ft: 985 Built: 2004 Tax: $2,216 (2024)Community: Glen Crest CondoCondo
Market Analysis: For SaleFor RentSoldRented
Nearby Properties: For SaleFor RentSoldRented
Taxes:$2,216
Elementary School: Cotee River Elementary-PO
High School: Gulf High-PO
Tax Year: 2024
Middle School: Gulf Middle-PO
Remarks: 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.
Listing is courtesy of: LIFES A BEACH REAL ESTATE (972-415-2502)
Listing Agent: Matt Mayers (727-678-1074)
5816 CONGRESS ST #102, NEW PORT RICHEY, FL 34653
$123,500237 Days on yellowkey MLS ID: TB8435439
Bed: 2 Bath: 2.0 Liv Area Sq Ft: 920 Built: 2004 Tax: $2,030 (2024)Community: Glen Crest CondoCondo
Taxes:$2,030
Remarks: 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.
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