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    Waterfront Condominium in Active Community Title is generated by Realmo AI

    1900 59TH N AVENUE 212, St Petersburg, FL 33714

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    For Sale
    $128,900

    Well-maintained 2BR/2BA condo in a vibrant 55+ community.

    Type:Condo/Townhome
    Property size:
    910 SF
    Lot size:
    1.75 Acres
    Price / SF:
    $141/SF
    Added:
    Jan 26, 2025
    Days on Market:
    518
    Last Refresh:
    May 19 at 11:24 pm

    Property Features for 1900 59TH N AVENUE 212

    General Information

    Standard status
    Active
    Size
    910 SF
    Lot size
    1.75 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1968

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    Gloria Pion
    Gloria Pion

    Listing office CHARLES RUTENBERG REALTY INC

    Listing date Jan 26, 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 CHARLES RUTENBERG REALTY INC

    HighLights

    • Waterfront 2BR/2Bth condominium
    • Main bathroom completely remodeled in 2024 with new tile, vanity, pipes, and shut‑off valves
    • Monthly maintenance fee includes gas, water & sewer, cable, trash removal, exterior maintenance, management, security & insurance
    • Active 55+ community with heated swimming pool, recreation center, shuffleboard, and various social activities
    • Spacious Florida Room adjacent to Master Bedroom creating a private suite
    • Carport parking

    Overview

    This 2-bedroom, 2-bathroom condominium is located on the second floor of the OASIS building. The property features laminate flooring in the living room, dining room, kitchen, and Florida room, with carpet in the bedrooms and tile in the bathrooms. The kitchen is modern and fully applianced. The HVAC system was replaced in 2016. The main bathroom was completely remodeled in 2024 with new tile, vanity, pipes, and shut-off valves. A spacious Florida room is adjacent to the master bedroom, creating a private suite area. Carport parking is conveniently located out back. The front entry features gardens. The monthly maintenance fee of $631.66 covers gas, water and sewer, cable, trash removal, exterior maintenance, management, security, and insurance. The community offers a heated swimming pool, recreation center, owners meeting room, shuffleboard, weekly bingo, card games, a friendship club, dancing, holiday dinners with entertainment, and exercise classes for seniors, including Zumba and Yoga. Pets are allowed with appropriate documentation, and rentals are not permitted. The property is located in St. Petersburg, FL and has a size of 910 square feet.

    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 $16.4k $18.00
    − Vacancy −$1.2k −$1.28
    EGI $15.2k $16.72
    − OpEx −$6.8k −$7.52
    NOI $8.4k $9.20
    910 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $119.6K
    $104.6K – $139.5K (±1% cap)
    NOI $8,369 @ 7.0% cap · market cap 6.49%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $236.7K
    $207.1K – $276.2K (±1% cap)
    NOI $16,569 @ 7.0% cap · market cap 12.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6594374
    Latitude
    27.8259032

    FAQs

    What type of property is this?
    Residential income property - Well-maintained 2BR/2BA condo in a vibrant 55+ community.
    Where is this residential income property located?
    The property is located at 1900 59TH N AVENUE 212 St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $128,900.
    What are key features of this property?
    This property features: Waterfront 2BR/2Bth condominium; Main bathroom completely remodeled in 2024 with new tile, vanity, pipes, and shut‑off valves; Monthly maintenance fee includes gas, water & sewer, cable, trash removal, exterior maintenance, management, security & insurance
    More about this property
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