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    Kings Point Condo with Water View Title is generated by Realmo AI

    2241 GREENWICH DRIVE 68, Sun City Center, FL 33573

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    For Sale
    $149,000

    Sun City Center condo with water view and great amenities.

    Type:Condo/Townhome
    Property size:
    1,008 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $147/SF
    Added:
    Jan 23, 2025
    Days on Market:
    532
    Last Refresh:
    Apr 5 at 11:30 pm

    Property Features for 2241 GREENWICH DRIVE 68

    General Information

    Standard status
    Active
    Size
    1,008 SF
    Lot size
    0.02 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1979

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    Vida Hanson

    Listing office BHHS FLORIDA REALTY

    Listing date Jan 23, 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 BHHS FLORIDA REALTY

    HighLights

    • Water View: Condo overlooks a pond.
    • Located in Sun City Center: The #1 Retirement Community.
    • Extensive Amenities: Multiple pools, fitness center, tennis, pickle ball, and golf.
    • $2000 Flooring Credit: Seller offering credit at closing.
    • Kings Point Condo: Offers a carefree lifestyle.
    • Priced to Sell Quickly: Represents a potential value opportunity.

    Overview

    Located in Sun City Center, this Kings Point condo offers a carefree lifestyle with a water view and amenities. Situated on a lot with mature trees and overlooking a pond, the 1008 square foot condo is suitable for cash or conventional financing and is sold as is. The community provides multiple pools (indoor & outdoor), a fitness center, tennis courts, pickle ball courts, volley ball, lawn bowling, bocce ball, golf and two club houses. The seller is offering a $2000 flooring credit to the buyer at closing.

    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 $18.1k $18.00
    − Vacancy −$1.3k −$1.28
    EGI $16.9k $16.72
    − OpEx −$7.6k −$7.52
    NOI $9.3k $9.20
    1,008 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $132.4K
    $115.9K – $154.5K (±1% cap)
    NOI $9,271 @ 7.0% cap · market cap 6.22%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $291.9K
    $255.4K – $340.6K (±1% cap)
    NOI $20,435 @ 7.0% cap · market cap 13.71%
    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 Hair Salon Spa & Massage Center Nail Salon Kitchen & Bath Showroom Parking Lot & Garage Big Box & Wholesale Store Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Sun City Center
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3699095
    Latitude
    27.7033638

    FAQs

    What type of property is this?
    Residential income property - Sun City Center condo with water view and great amenities.
    Where is this residential income property located?
    The property is located at 2241 GREENWICH DRIVE 68 Sun City Center, FL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Water View: Condo overlooks a pond.; Located in Sun City Center: The #1 Retirement Community.; Extensive Amenities: Multiple pools, fitness center, tennis, pickle ball, and golf.
    More about this property
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