Furnished Condo in 55+
5945 21ST N STREET 14 St Petersburg, FL 33714
Furnished 1 bed, 1 bath condo in a 55+ community.
Type:Condo/Townhome
Property size:
585 SFPrice / SF:
$102/SF- Added:
- Oct 15, 2024
- Days on Market:
- 633
- Last Refresh:
- Apr 5 at 11:44 pm
Property Features for 5945 21ST N STREET 14
General Information
- Standard status
- Active
- Size
- 585 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1965
Listing office DALTON WADE INC (727) 459-8455
Listing date Oct 15, 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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This is a furnished one-bedroom, one-bathroom condo located on the second floor within a well-maintained 55+ community. The property features an updated kitchen and bathroom. A newer AC unit was installed in 2018, along with an updated electrical panel. The monthly maintenance fee of $423 covers natural gas for cooking and heat, water and sewer, cable, trash removal, exterior maintenance, insurance, security, and management. The community provides a heated swimming pool, recreation center and clubhouse, shuffleboard, card games, and an activities club. The unit includes a closed-in Florida room off the kitchen, which is not included in the listed square footage, that could be used as an office or guest room. A carport is located directly behind the unit. The property is situated in a location with convenient access to beaches, shopping, airports, dining, cruise lines, theaters, and hotels. It is also located on the local bus line and is a short distance from downtown St. Petersburg, with a commute to Tampa and Clearwater.
Key Highlights
- Fully furnished 1 bedroom, 1 bathroom condo in a well‑maintained 55+ community.
- Affordable living with monthly maintenance including natural gas, water, sewer, cable, trash removal, exterior maintenance, insurance, security, and management.
- Updated kitchen and bathroom.
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 | $10.5k | $18.00 |
| − Vacancy | −$748 | −$1.28 |
| EGI | $9.8k | $16.72 |
| − OpEx | −$4.4k | −$7.52 |
| NOI | $5.4k | $9.20 |
585 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$76.9K
$67.3K – $89.7K
NOI $5,380 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$152.2K
$133.1K – $177.5K
NOI $10,651 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Furnished 1 bed, 1 bath condo in a 55+ community.
Where is this residential income property located?
The property is located at 5945 21ST N STREET 14 St Petersburg, FL.
What is the asking price?
The asking price for this property is $59,900.
What are key features of this property?
This property features: Fully furnished 1 bedroom, 1 bathroom condo in a well‑maintained 55+ community.; Affordable living with monthly maintenance including natural gas, water, sewer, cable, trash removal, exterior maintenance, insurance, security, and management.; Updated kitchen and bathroom.
