Updated 55+ Condo in
2005 GREENBRIAR BOULEVARD 2 Clearwater, FL 33763
2005 GREENBRIAR BOULEVARD 2, Clearwater, FL, 33763
$105,000
For Sale
$105,000
Bright, updated first-floor condo in a convenient Clearwater location.
Property Size635 SF
Lot Size1.41 Acres
Price / SF$165.35
Days on Market739
Property Features for 2005 GREENBRIAR BOULEVARD 2
General Information
- Standard status
- Active
- Size
- 635 SF
- Lot size
- 1.41 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1970
Listing Agency
GRAHAM GROUP REALTY
(727) 415-3093
Listed by
Katherine Daley · License #3026452
(727) 415-3093
Source
Exitrealty
Added: Jul 9, 2024 Checked: Apr 6 at 1:44 am
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 GRAHAM GROUP REALTY
Investment Insights
Based on property information with market context.
This first-floor 55+ condo in Greenbriar is located in Flood Zone X and a non-evacuation zone. The property features updated kitchen and bath, as well as updated flooring, windows, and doors. A patio in the back allows enjoyment of outdoor living. The Greenbriar Club offers social activities and a heated pool and exercise room. There is also a community room, kitchen, and library. The two-story building does not require a Milestone inspection. The location provides convenient access to Countryside Mall, Dunedin, TD Ballpark, the Toronto Blue Jays spring training headquarters, and Gladys Douglas Preserve. Honeymoon Island and Gulf beaches are a short drive away, and Tampa International Airport is approximately 30 minutes away. The property is sold "as is" for the convenience of the seller. This is a 55+ leasehold property with the lease term ending on 07/17/2068. Rentals and pets are not allowed. The property size is 635 square feet.
Key Highlights
- Located in Flood Zone X and a Non‑Evacuation Zone.
- Updated kitchen, bath, flooring, windows, and doors.
- First‑floor unit in a 55+ community with assigned parking close to the unit.
Local Financial Insights For Apartment 5plus
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 | $15.2k | $24.00 |
| − Vacancy | −$991 | −$1.56 |
| EGI | $14.2k | $22.44 |
| − OpEx | −$6.4k | −$10.10 |
| NOI | $7.8k | $12.34 |
635 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$112.0K
$98.0K – $130.6K
NOI $7,837 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$178.2K
$155.9K – $207.9K
NOI $12,471 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Community Management
Property Management Company
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Bright, updated first-floor condo in a convenient Clearwater location.
Where is this residential income property located?
The property is located at 2005 GREENBRIAR BOULEVARD 2 Clearwater, FL.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Located in Flood Zone X and a Non‑Evacuation Zone.; **Updated kitchen, bath, flooring, windows, and doors.**; First‑floor unit in a 55+ community with assigned parking close to the unit.
