Address: 5816 Congress Street 101, NEW PORT RICHEY, FL 34653
Description
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.
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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Other, Sidewalk
Flooring: Ceramic Tile, Laminate
Living Area: 985.00
Roof: Metal
Property Information
Property Condition: Completed
School Information
High School: Gulf High-PO
Middle School: Gulf Middle-PO
School Elementary: Cotee River Elementary-PO
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Electric
Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee Includes: Cable TV, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Sewer, Trash, Water
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Dishwasher, Disposal, Electric Water Heater, Freezer, Microwave, Refrigerator
Association Name: Qualified Property Management, Inc.
Association Phone: 727-869-9700
Country: US
Furnished: Unfurnished
Interior Features: Ceiling Fans(s), Ninguno
Legal Description: GLEN CREST CONDOMINIUM OR 6742 PG 1 BLDG B UNIT 101
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