Updated condo in the heart of New Port Richey! This unit is one (1) of three (3) available investment properties, all currently rented andproducing 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 andinspection 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 homeoffers privacy and a serene natural view. Located minutes from beautiful Gulf beaches, shopping, dining, and entertainment, with easy access toTampa, St. Petersburg, Clearwater, and the airport. The low HOA fee ($302/month) covers water, sewer, and trash. Whether you're seeking aclean, affordable home or a high-performing, cash-flowing investment - this one checks all the boxes. Cash-only sale.
Listed By
Agency Name: LIFES A BEACH REAL ESTATE
Agency Contact: 727-202-2966
Shown By
Agency Title: Adams Cameron & Co. REALTORS - Commercial
Agency Phone: (386) 252-3120
Estimated Payment
$ 908.88 per month $686.59 Principal & Interest $184.67 Property Tax $37.63 Homeowner's Insurance
5816 Congress Street, Unit 101 | MLS# TB8435029
This condo located at 5816 Congress Street, Unit 101, New Port Richey, FL 34653 is currently listed for sale with an asking price of $129,000. This property was built in 2004 and has 2 bedrooms and 2 full baths with 985 sq. ft. Congress Street, Unit 101 is located in the GLEN CREST CONDO subdivision. Search GLEN CREST CONDO real estate on www.adamscameroncommercial.com today.