Remodeled Condo with
5695 67TH N AVENUE 122 Pinellas Park, FL 33781
5695 67TH N AVENUE 122, Pinellas Park, FL, 33781
$150,000
Pending
For Sale
$150,000
Pending
Move-in ready condo with new features and owner financing.
Property Size850 SF
Days on Market671
Property Features for 5695 67TH N AVENUE 122
General Information
- Standard status
- Pending
- Size
- 850 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1986
Listing Agency
NEXTHOME LUXE COASTAL
(727) 692-3118
Listed by
Marsh Bilby · License #3224930
(727) 692-3118
Source
Exitrealty
Added: Sep 19, 2024 Updated: Jul 6 at 12:02 pm Checked: Jul 19 at 5:19 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 NEXTHOME LUXE COASTAL
Investment Insights
Based on property information with market context.
This remodeled 2-bedroom, 1-bathroom 2nd-floor unit features a loft, which serves as the second bedroom, and a rear balcony. The property, with a size of 850 square feet, has been fully renovated with new flooring, appliances, bathroom, and paint. Located near Park Blvd in central Pinellas County, it provides convenient access to I-275 towards Tampa and US 19 to the east, as well as a direct route to the beaches to the west. The community offers amenities such as a pool, hot tub, and tennis courts. Washer and dryer could be included with acceptable offer. Owner financing and "lease to own" options are available.
Key Highlights
- Completely remodeled with new flooring, appliances, bathroom, and paint.
- Seller will cover the first 4 months of HOA fees with acceptable offer.
- Loft (2nd bedroom) and rear balcony.
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 | $15.3k | $18.00 |
| − Vacancy | −$1.1k | −$1.28 |
| EGI | $14.2k | $16.72 |
| − OpEx | −$6.4k | −$7.52 |
| NOI | $7.8k | $9.20 |
850 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$111.7K
$97.7K – $130.3K
NOI $7,818 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.1K
$193.5K – $257.9K
NOI $15,476 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Move-in ready condo with new features and owner financing.
Where is this residential income property located?
The property is located at 5695 67TH N AVENUE 122 Pinellas Park, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Completely remodeled with new flooring, appliances, bathroom, and paint.; Seller will cover the first 4 months of HOA fees with acceptable offer.; Loft (2nd bedroom) and rear balcony.
