Riverfront Condo in Marina
2424 W TAMPA BAY BOULEVARD C212 Tampa, FL 33607
For Sale
$325,000
Pending
Bright 2BR condo with water views and community amenities.
Property Size1,404 SF
Days on Market544
Property Features for 2424 W TAMPA BAY BOULEVARD C212
General Information
- Standard status
- Pending
- Size
- 1,404 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing Agency:
RE/MAX BAYSIDE REALTY LLC
(813) 516-5161
Listed By:
Bob Sherwood · License #3219348
(813) 516-5161
Source:
Exitrealty
Added: Jan 25, 2025
Changed: Jul 6
Last Checked: Jul 23 at 5:53AM
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 RE/MAX BAYSIDE REALTY LLC
Investment Insights
Based on property information with market context.
This light and bright second-floor condo is located in the gated Marina Bay Club community. The 2-bedroom condo features a floor plan in wonderful condition. The property includes a covered lanai with a new awning, offering views of boats and marine life. The kitchen is equipped with wood cabinets, granite countertops, and stainless steel appliances. The spacious living room provides water views. The master bedroom, located upstairs, includes a private balcony also facing the river. The second bedroom offers closet space. A bonus laundry room provides storage space. Community amenities include two pools, a jacuzzi, a clubhouse, a fitness room, a dog park, tennis courts, a pickleball court, a racquetball court, and 30 boat slips based on availability. New roofs were installed and buildings were painted in 2020. The property size is 1404 square feet.
Key Highlights
- Riverfront condo with water views from lanai and master bedroom balcony
- Gated Marina Bay Club community with extensive amenities: 2 pools, jacuzzi, clubhouse, fitness room, dog park, tennis, pickleball, racquetball courts, and boat slips
- Updated kitchen featuring wood cabinets, granite countertops, and stainless steel appliances
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 | $29.8k | $21.24 |
| − Vacancy | −$2.1k | −$1.51 |
| EGI | $27.7k | $19.73 |
| − OpEx | −$12.5k | −$8.88 |
| NOI | $15.2k | $10.85 |
1,404 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,237 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,896 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New York Realty
Apartment Building
anthrotourist
Travel Agency
Mom's Place
Family Counselor
thepetraliaedge
(Bike/Boat/Book/etc) Store
Marina Club of Homeowners ...
Condominium Complex
FAQs
What type of property is this?
Residential income property - Bright 2BR condo with water views and community amenities.
Where is this residential income property located?
The property is located at 2424 W TAMPA BAY BOULEVARD C212 Tampa, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Riverfront condo with water views from lanai and master bedroom balcony; Gated Marina Bay Club community with extensive amenities: 2 pools, jacuzzi, clubhouse, fitness room, dog park, tennis, pickleball, racquetball courts, and boat slips; Updated kitchen featuring wood cabinets, granite countertops, and stainless steel appliances
