Location: Glen Crest Condo, New Port Richey
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5816 CONGRESS ST #201, NEW PORT RICHEY, FL 34653
$123,500227 Days on yellowkey MLS ID: TB8434394
3 Days Off yellowkey (back on 5/5/2026)
Bed: 2 Bath: 2.0 Liv Area Sq Ft: 985 Built: 2004Monthly Fee: $302 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: Under contract-accepting backup offers. 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)
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