Spacious Condo with Water
6188 80TH N STREET 303 St Petersburg, FL 33709
6188 80TH N STREET 303, St Petersburg, FL, 33709
$215,000
For Sale
$215,000
Two-bedroom condo with balcony, laundry, and covered parking.
Property Size1,235 SF
Price / SF$174.09
Days on Market597
Property Features for 6188 80TH N STREET 303
General Information
- Standard status
- Active
- Size
- 1,235 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1982
Listing Agency
RE/MAX PREFERRED
(727) 460-4061
Listed by
Allison Estabrooks · License #604690
(727) 460-4061
Source
Exitrealty
Added: Nov 27, 2024 Checked: Jul 16 at 6:09 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 RE/MAX PREFERRED
Investment Insights
Based on property information with market context.
This spacious two-bedroom condo is located in the Princeton building in Terrace Park at Five Towns. It features a screened-in balcony with water views, a laundry room, and covered parking. The condo has a floor plan with closet space. The galley kitchen opens to a sunlit breakfast area which leads to the covered balcony. The unit is being sold mostly furnished. A new A/C unit was installed in March 2024. The condo fee includes cable TV, internet, natural gas, water, and sewer. The location offers proximity to biking and walking trails along the Pinellas Trail, as well as shopping and restaurants.
Key Highlights
- Serene water views from a screened‑in balcony
- Coveted in‑unit laundry room with storage
- Covered parking (carport)
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 | $22.2k | $18.00 |
| − Vacancy | −$1.6k | −$1.28 |
| EGI | $20.7k | $16.72 |
| − OpEx | −$9.3k | −$7.52 |
| NOI | $11.4k | $9.20 |
1,235 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$162.3K
$142.0K – $189.3K
NOI $11,358 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.2K
$281.1K – $374.8K
NOI $22,486 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Anne Stout
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two-bedroom condo with balcony, laundry, and covered parking.
Where is this residential income property located?
The property is located at 6188 80TH N STREET 303 St Petersburg, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Serene water views from a screened‑in balcony; Coveted in‑unit laundry room with storage; Covered parking (carport)
