Updated Condo in Retirement
2318 GRENOBLE PLACE, Sun City Center, FL 33573
Move-in ready condo with modern upgrades in Sun City Center.
Type:Condo/Townhome
Property size:
1,008 SFLot size:
0.02 AcresPrice / SF:
$183/SF- Added:
- Nov 12, 2024
- Days on Market:
- 604
- Last Refresh:
- Apr 6 at 3:42 am
Property Features for 2318 GRENOBLE PLACE
General Information
- Standard status
- Active
- Size
- 1,008 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1979
Listing office CENTURY 21 BEGGINS ENTERPRISES (813) 634-5517
Listing date Nov 12, 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 CENTURY 21 BEGGINS ENTERPRISES
HighLights
- Move‑in ready condo with numerous upgrades including updated kitchen with granite countertops and stainless steel appliances, updated bathrooms, updated plumbing and electrical panel.
- Hurricane protection: Updated double pane windows and accordion hurricane shutters.
- Golf cart accessibility: Covered patio ideal for gas grill and golf cart parking, plus laundry/utility room with inside golf cart parking.
- Leaf Filter gutter protection with transferable warranty.
- Located in Sun City Center/Kings Point, a top‑rated retirement community with extensive amenities and activities.
- Updated features: 18” diagonal tile floors, tile backsplash, updated modern cabinets, updated shower door, updated vanities, comfort height toilets, solar tube, additional insulation.
Overview
This updated Hampton model condo features 18-inch diagonal tile floors, a kitchen with granite countertops, tile backsplash, updated modern cabinets, and newer stainless appliances. A solar tube provides additional natural light. The primary bath includes a tiled shower with an updated shower door, vanity, light fixture, and mirror. The guest bath has an updated vanity, light fixture, and comfort height toilets. Plumbing and the electrical panel, including GFCI outlets, have been updated. Additional insulation has been installed above the laundry room. Leaf Filter gutter protection has been installed for clog-free rain gutters, with a warranty transferable to new owners. Updated double pane windows feature accordion hurricane shutters for the sliding glass doors to the Florida room and front windows. The Florida room exits to a covered patio suitable for a gas grill and golf cart parking. The laundry/utility room has cabinets, a double sink, and double doors for inside golf cart parking. Located in Sun City Center, a community recognized as a top retirement destination, Kings Point offers various lifestyle options. Residents have access to the South and North Clubhouses and the 20/20 Fitness/Spa building, offering pools, spas, a Veteran's Theater, bingo, arts and crafts, cards, a woodshop, and fine dining. The property is accessible via golf cart 24 hours a day. The property size is 1008 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 | $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
NOI $9,271 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.9K
$255.4K – $340.6K
NOI $20,435 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Sun City Center
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.3707855
- Latitude
- 27.7079602
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Move-in ready condo with modern upgrades in Sun City Center.
Where is this residential income property located?
The property is located at 2318 GRENOBLE PLACE Sun City Center, FL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Move‑in ready condo with numerous upgrades including updated kitchen with granite countertops and stainless steel appliances, updated bathrooms, updated plumbing and electrical panel.; Hurricane protection: Updated double pane windows and accordion hurricane shutters.; Golf cart accessibility: Covered patio ideal for gas grill and golf cart parking, plus laundry/utility room with inside golf cart parking.
