St. Petersburg Condo in
9100 DR MARTIN LUTHER KING JR N STREET 1302 St Petersburg, FL 33702
9100 DR MARTIN LUTHER KING JR N STREET 1302, St Petersburg, FL, 33702
$143,900
For Sale
$143,900
One-bedroom condo with amenities near downtown St. Pete and beaches.
Property Size670 SF
Lot Size27.92 Acres
Price / SF$214.78
Days on Market545
Property Features for 9100 DR MARTIN LUTHER KING JR N STREET 1302
General Information
- Standard status
- Active
- Size
- 670 SF
- Lot size
- 27.92 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1986
Listing Agency
PREFERRED SHORE LLC
(941) 281-5080
Listed by
Brian Chapman · License #3329999
(941) 281-5080
Source
Exitrealty
Added: Jan 20, 2025 Checked: Jul 19 at 4:39 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 PREFERRED SHORE LLC
Investment Insights
Based on property information with market context.
Located in St. Petersburg, this second-story, corner-unit condo features one bedroom and one bathroom. The property, situated in The Enclave community, includes a fireplace. The community provides access to amenities such as a pool, tennis court, gym, and clubhouse. The property is surrounded by mature landscaping. The condo is located near downtown St. Pete, shopping, dining, and beaches. The property contains 670 square feet and is intended as an investment property.
Key Highlights
- Highly desirable Enclave community location.
- Enjoy premium amenities including a pool, tennis court, gym, and clubhouse.
- Convenient access to downtown St. Pete, shopping, dining, and beaches.
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 | $12.1k | $18.00 |
| − Vacancy | −$856 | −$1.28 |
| EGI | $11.2k | $16.72 |
| − OpEx | −$5.0k | −$7.52 |
| NOI | $6.2k | $9.20 |
670 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$88.0K
$77.0K – $102.7K
NOI $6,162 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$174.3K
$152.5K – $203.3K
NOI $12,199 @ 7.0% cap · market cap 8.48%
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 - One-bedroom condo with amenities near downtown St. Pete and beaches.
Where is this residential income property located?
The property is located at 9100 DR MARTIN LUTHER KING JR N STREET 1302 St Petersburg, FL.
What is the asking price?
The asking price for this property is $143,900.
What are key features of this property?
This property features: Highly desirable Enclave community location.; Enjoy premium amenities including a pool, tennis court, gym, and clubhouse.; Convenient access to downtown St. Pete, shopping, dining, and beaches.
