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For sale
Residential income properties
FL
Tampa
33609
508 S GLEN AVENUE 2

Updated Condo in South Tampa

508 S GLEN AVENUE 2 Tampa, FL 33609

508 S GLEN AVENUE 2, Tampa, FL, 33609

$325,000

For Sale

$325,000

Modern two-bedroom condo with updated kitchen and private patio.

Property Size1,073 SF

Price / SF$302.89

AddedNov 26, 2024

Days on Market597

Last RefreshJul 16 at 7:43 am

Property Features for 508 S GLEN AVENUE 2

General Information

Standard status: Active
Size: 1,073 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 1985

Listing office PREMIER SOTHEBYS INTL REALTY

Listing date Nov 26, 2024

Source Exitrealty

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 PREMIER SOTHEBYS INTL REALTY

Investment Insights

Based on property information with market context.

This two-bedroom, two-bath condominium offers modern updates and comfortable living in South Tampa. The residence is not in a flood zone and is located near Grady Elementary School, Coleman Middle School, and Plant High School. Contemporary touches include faux wood ceramic tile, recessed LED lighting, and updated outlets and switches. The updated kitchen features granite countertops, two-tone blue and white shaker-style cabinets, stainless steel appliances, and glass subway tile backsplash. Built-in pantry cabinets provide ample storage, and a large, framed glass-block window fills the space with natural light. The oversized primary suite offers generous space and natural light from large windows in the bedroom and en-suite bath. A secondary bedroom includes a deep closet, and there is a common area bath and a utility closet with a full-size, front-loading washer and dryer. The private screened and covered patio is suitable for relaxation. Two parking spaces are provided for residents, with additional guest parking available. Located in South Tampa, this condominium offers access to dining, shopping, and entertainment options. The property size is 1073 square feet.

Key Highlights

Prime South Tampa location with easy access to dining, shopping, and entertainment.
Located in a non‑flood zone and zoned for top‑rated schools.
Updated kitchen with GRANITE COUNTERTOPS, shaker‑style cabinets, and stainless steel appliances.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$22.8k	$21.24
− Vacancy	−$1.6k	−$1.51
EGI	$21.2k	$19.73
− OpEx	−$9.5k	−$8.88
NOI	$11.6k	$10.85

1,073 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$166.4K

$145.6K – $194.1K (±1% cap)

NOI $11,645 @ 7.0% cap · market cap 3.58%

Second Best

—

no second resolved use

Theoretical Best

Office A

$250.0K

$218.7K – $291.6K (±1% cap)

NOI $17,498 @ 7.0% cap · market cap 5.38%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Residential income properties
FL
Tampa
33609
508 S GLEN AVENUE 2

What type of property is this?

Residential income property - Modern two-bedroom condo with updated kitchen and private patio.

Where is this residential income property located?

The property is located at 508 S GLEN AVENUE 2 Tampa, FL.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Prime South Tampa location with easy access to dining, shopping, and entertainment.; Located in a non‑flood zone and zoned for top‑rated schools.; Updated kitchen with GRANITE COUNTERTOPS, shaker‑style cabinets, and stainless steel appliances.