Gated Residential Income
231 BERRY TREE PLACE, Brandon, FL 33510
For Sale
New
$154,900
Community amenities include pools, a fitness facility, tennis courts, clubhouse, and multiple laundry areas.
Property Size1,175 SF
Price / SF$131.83
Days on Market5
Property Features for 231 BERRY TREE PLACE
General Information
Standard status
Size
Property subtype
Amenities
gated access
pool
exercise facility
laundry facilities
tennis courts
clubhouse
Building Details
Year Built
Listing Agency:
PHILLIP SCOTT MANAGEMENT & INV
(727) 712-6073
Listed By:
Angela Mason · License #3583556
(727) 608-7203
Source:
Dennisrealty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 3:22AM
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 PHILLIP SCOTT MANAGEMENT & INV
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Investment Insights
Based on property information with market context.
This residential income property is located within a gated community in Brandon. The community includes pool areas, an exercise facility, tennis courts, a clubhouse, and multiple laundry facilities. The property was built in 1985 and has a stated size of 1,175 square feet.
Shopping, restaurants, recreational facilities, hospitals, and schools are identified in the surrounding Brandon area. Tampa is also described as a short commute from the community.
Shopping, restaurants, recreational facilities, hospitals, and schools are identified in the surrounding Brandon area. Tampa is also described as a short commute from the community.
Key Highlights
- Gated community with pool areas and tennis courts
- Exercise facility, clubhouse, and multiple laundry facilities
- Property size: 1,175 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,821
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,420
$276.4K
Cap Rate 7%
$197,443
$197.4K
Cap Rate 9%
$153,567
$153.6K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$26.5K $22.56/SF
− Vacancy
−$1.4K −$1.17/SF
EGI
$25.1K $21.39/SF
− OpEx
−$11.3K −$9.62/SF
NOI
$13.8K $11.76/SF
Area
Brandon, FL
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,420
Cap Rate 7%
$197,443
Cap Rate 9%
$153,567
Alternative Uses
Best Use
Apartment 5plus
$197.4K
$172.8K – $230.4K
NOI $13,821 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.0K
$386.8K – $515.7K
NOI $30,941 @ 7.0% cap · market cap 19.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,475
Businesses Nearby
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Business Placement
Demographics for 33510, FL
30,049
Population
12,006
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
7.6 sq mi
ZIP Area
3,954
Density / Sq Mi
$71,057
Median Household Income
$40,399
Median Earnings
$1,365
Median Rent
$274,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Hillsborough County, FL
Properties on Market for Residential income properties in Hillsborough County
Frequently Asked Questions
What type of property is this?
Residential income property - Community amenities include pools, a fitness facility, tennis courts, clubhouse, and multiple laundry areas.
Where is this residential income property located?
The property is located at 231 BERRY TREE PLACE Brandon, FL.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Gated community with pool areas and tennis courts; Exercise facility, clubhouse, and multiple laundry facilities; Property size: 1,175 square feet
