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Wade M. Berlin

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5816 Congress Street 102
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PRICED AT ONLY: $123,500

Address: 5816 Congress Street 102, 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 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.

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More Like This
  • MLS#: TB8435439 ( Residential )
  • Street Address: 5816 Congress Street 102
  • Viewed: 110
  • Price: $123,500
  • Price sqft: $134
  • Waterfront: No
  • Year Built: 2004
  • Bldg sqft: 920
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 173
  • Acreage: 1.83 acres

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 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other, Sidewalk
  • Flooring: Ceramic Tile, Laminate
  • Living Area: 920.00
  • Roof: Metal
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, Size Limit
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee Includes: Internet, Maintenance Structure, Maintenance Grounds, Sewer, Trash, Water
  • Home Owners Association Fee: 302.00
  • 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, Refrigerator
  • Association Name: Qualified Property Management, Inc.
  • Association Phone: 727-869-9700
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s)
  • Legal Description: GLEN CREST CONDOMINIUM OR 6742 PG 1 BLDG B UNIT 102
  • Levels: One
  • Area Major: 34653 - New Port Richey
  • Occupant Type: Tenant
  • Parcel Number: 16-26-09-022.0-00B.00-102.0
  • Possession: Close Of Escrow
  • Unit Number: 102
  • Views: 110
  • Zoning Code: MF1
Nearby Subdivisions
Brandywine Condo 02   Cedar Pointe Condo Ph 02   Glen Crest Condo   Magnolia Valley Condo   Millpond Trace Condo   N/a   Not In Hernando   Sunnybrook Condo 02   Sunnybrook Condo 03   Sunnybrook Condo 07   Sunnybrook Condo 09   Sunnybrook Condo 10   Wilds Condo   Woodtrail Condo  
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Wade M. Berlin

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