For Sale
$550,000
111 174TH AVE E, Redington Shores, FL 33708
Duplexes
Property Size1,400 SF
Days on Market105
Property Features for 111 174TH AVE E
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Half Duplex
Taxes and HOA fees
Annual Taxes
$4,580
Building Details
Building Size
1,400 SF
Year Built
1950
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 200-7352
Listed By:
Jenny Schmidt · License #3575986
Source:
Judibeck
Added: Apr 22
Changed: Aug 2
Last Checked: Aug 3 at 11:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SMITH & ASSOCIATES REAL ESTATE
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.0k | $17.88 |
| − Vacancy | −$1.7k | −$1.21 |
| EGI | $23.3k | $16.67 |
| − OpEx | −$7.0k | −$5.00 |
| NOI | $16.3k | $11.67 |
1,400 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.4K
$204.3K – $272.4K
NOI $16,341 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$183.9K
$161.0K – $214.6K
NOI $12,876 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$364.2K
$318.6K – $424.9K
NOI $25,491 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 33708, FL
16,034
Population
13,211
Households
1.2
Avg Household Size
60
Median Age
44%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
4,716
Density / Sq Mi
$83,773
Median Household Income
$49,403
Median Earnings
$1,961
Median Rent
$463,700
Median Home Value
Market
Properties on Market for Duplexes in Pinellas County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this duplex located?
The property is located at 111 174TH AVE E Redington Shores, FL.
What is the asking price?
The asking price for this property is $550,000.
