5745 40TH N AVENUE 152B, Kenneth City, FL 33709
Updated 2-bedroom condo in Kenneth City, near St. Petersburg.
- Added:
- Jan 24, 2025
- Days on Market:
- 520
- Last Refresh:
- May 19 at 8:50 pm
Property Features for 5745 40TH N AVENUE 152B
General Information
- Standard status
- Active
- Size
- 875 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1962
Listing office LUXURY & BEACH REALTY INC (727) 565-5436
Listing date Jan 24, 2025
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 LUXURY & BEACH REALTY INC
HighLights
- Ground floor unit with spacious Florida room.
- Washer/dryer in unit.
- Located in X‑500 flood zone, so no flood insurance required by the association.
- Fridge replaced in December 2024.
- Option to purchase fully furnished with newer furniture and TV.
- Close proximity to clubhouse with library, pool table, and piano; also near shuffleboard court.
Overview
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 | $15.8k | $18.00 |
| − Vacancy | −$1.1k | −$1.28 |
| EGI | $14.6k | $16.72 |
| − OpEx | −$6.6k | −$7.52 |
| NOI | $8.0k | $9.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kenneth City
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7116102
- Latitude
- 27.8084887