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Top-Floor Loft Condo in Tampa

4221 W SPRUCE STREET 1407 Tampa, FL 33607

4221 W SPRUCE STREET 1407, Tampa, FL, 33607
$225,000
For Sale
Claim this Listing
$225,000

Loft-style condo with vaulted ceilings, versatile space, and great amenities.

Property Size921 SF
Price / SF$244.30
AddedFeb 21, 2025
Days on Market509
Last RefreshApr 5 at 11:49 pm

Property Features for 4221 W SPRUCE STREET 1407

General Information

Standard status
Active
Size
921 SF
Property subtype
Condo/Townhome

Building Details

Year Built
2001

Listing office RE/MAX CHAMPIONS

Listing date Feb 21, 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 RE/MAX CHAMPIONS


Investment Insights

Based on property information with market context.

This top-floor, loft-style condo is located in Tampa's Villa Sonoma community. The unit features soaring vaulted ceilings and abundant natural light. A private loft can serve as a second bedroom, office, or lounge. The modern kitchen includes granite countertops, stainless steel appliances, and a subway tile backsplash. A built-in granite desk is ideal for remote work or creative projects. The unit has no upstairs neighbors. Dedicated garage parking is provided. Villa Sonoma offers amenities including a pool, fitness center, recreation room, and a gated community. The property is located minutes from Westshore, International Mall, Raymond James Stadium, and 4 miles from downtown Tampa, providing access to shopping, dining, and beaches. The seller has a current application to allow this unit to be used as a rental, with approval transferable to the new buyer, making it an excellent opportunity for investors looking to add a high-demand rental property to their portfolio. The property size is 921 square feet.

Key Highlights

  • Top‑floor unit offering peace and quiet with no upstairs neighbors.
  • Versatile loft space suitable as a second bedroom, office, or lounge.
  • Investor‑friendly: Active rental application transferable.

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 $19.6k $21.24
− Vacancy −$1.4k −$1.51
EGI $18.2k $19.73
− OpEx −$8.2k −$8.88
NOI $10.0k $10.85
921 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$142.8K
$124.9K – $166.6K (±1% cap)
NOI $9,995 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$214.6K
$187.8K – $250.3K (±1% cap)
NOI $15,020 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Villa Sonoma Condominiums ... Condominium Complex Multispec Painting Service In It Agency LLC Business Service Center

Suggested Use

Plumbing Service (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store Florist Barber Shop Supermarket (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Residential income property - Loft-style condo with vaulted ceilings, versatile space, and great amenities.
Where is this residential income property located?
The property is located at 4221 W SPRUCE STREET 1407 Tampa, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Top‑floor unit offering peace and quiet with no upstairs neighbors.; Versatile loft space suitable as a second bedroom, office, or lounge.; Investor‑friendly: Active rental application transferable.
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More about this property
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