Residential Income Property with
For Sale
$255,000
2451 SIFIELD GREENS WAY, Sun City Center, FL 33573
Condominium residence with an open layout, enclosed climate-controlled lanai, and private two-car garage.
Property Size1,188 SF
Price / SF$214.65
Days on Market10
Property Features for 2451 SIFIELD GREENS WAY
General Information
Standard status
Active
Size
1,188 SF
Total Parking Spaces
2
Property subtype
Half Duplex
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
1
Parking per Unit
2
Amenities
central vacuum system
custom drapes
hurricane shutters
skylights
water softener
private enclosed lanai
24/7 guard-gated community
pools
fitness centers
golf courses
0.06 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: U-23-32-19-78G-000000-00031.0, Public Survey Range: 19, Public Survey Section: 23, Annual Amount: $2,026.53, Tax Book Number: 19-151, Legal Description: LYNDHURST CONDOMINIUM UNIT 31 AND AN UNDIV INT IN COMMON ELEMENTS, Year: 2025, Zoning: PD
Luxury Vinyl
2 spaces
Central Air
Natural Gas
Gas Dryer Hookup, Inside
Listing ID: MFRTB8548659, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-09-15, Special Conditions: None
Skylight(s)
2 total bedrooms
Built in 2005, Living area: 1188, Living area units: Square Feet, Building faces South, 1 storey, Levels: One, Construction Materials: Brick
Subdivision: LYNDHURST CONDO, MLS Area (Major): 33573 - Sun City Center / Ruskin, County/Parish: Hillsborough
2 total bathrooms, 2 full bathrooms
Cable Connected, Electricity Connected, Natural Gas Connected, Public
Slab
Close Of Escrow
Allowed: Breed Restrictions, Number Limit
Road Surface: Asphalt
Private Entrance
Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener, Other equipment: Private Entrance
Building Details
Year Built
2005
Listing Agency:
HOMEXPRESS REALTY, INC.
(813) 641-2500
Listed By:
Edith Rivas-Toro · License #3049419
(813) 714-3694
Source:
Miharaandassociates
Added: Sep 15
Changed: Sep 23
Last Checked: Sep 22 at 5:24PM
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 HOMEXPRESS REALTY, INC.
Investment Insights
Based on property information with market context.
This 1,188-square-foot residential income property was built in 2005 and is configured as a well-maintained condominium residence. Interior features include an open floor plan, Corian kitchen countertops, central vacuum, custom window treatments, hurricane shutters, upgraded flooring, three skylights, and a water softener. The enclosed lanai is climate-controlled through the home’s central A/C and overlooks the golf course and lake. A spacious two-car garage is also included.
The property is located within a 24/7 guard-gated community in Sun City Center. Association dues cover cable, internet, water, trash, sewer, and exterior ground maintenance. Community amenities include pools, fitness centers, and golf courses, with shopping and hospitals nearby. The home is approximately 25 minutes from Brandon and 40 minutes from Sarasota beaches. Association approval is required.
The property is located within a 24/7 guard-gated community in Sun City Center. Association dues cover cable, internet, water, trash, sewer, and exterior ground maintenance. Community amenities include pools, fitness centers, and golf courses, with shopping and hospitals nearby. The home is approximately 25 minutes from Brandon and 40 minutes from Sarasota beaches. Association approval is required.
Key Highlights
- 1,188‑square‑foot condominium residence built in 2005
- Enclosed climate‑controlled lanai with golf course and lake views
- Corian kitchen countertops, central vacuum, custom drapes, and three skylights
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,926
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$218,520
$218.5K
Cap Rate 7%
$156,086
$156.1K
Cap Rate 9%
$121,400
$121.4K
Market Conditions
NOI Build-Up for 1,188 SF
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.
Gross rent
$21.4K $18.00/SF
− Vacancy
−$1.5K −$1.28/SF
EGI
$19.9K $16.72/SF
− OpEx
−$8.9K −$7.52/SF
NOI
$10.9K $9.20/SF
Area
Hillsborough County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$218,520
Cap Rate 7%
$156,086
Cap Rate 9%
$121,400
Alternative Uses
Best Use
Apartment 5plus
$156.1K
$136.6K – $182.1K
NOI $10,926 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.1K
$301.1K – $401.4K
NOI $24,084 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 33573, FL
30,913
Population
17,168
Households
1.8
Avg Household Size
68
Median Age
34%
College-Educated
94%
High-School Grad
16.8 sq mi
ZIP Area
1,840
Density / Sq Mi
$68,431
Median Household Income
$46,435
Median Earnings
$1,951
Median Rent
$270,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with an open layout, enclosed climate-controlled lanai, and private two-car garage.
Where is this residential income property located?
The property is located at 2451 SIFIELD GREENS WAY Sun City Center, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,188‑square‑foot condominium residence built in 2005; Enclosed climate‑controlled lanai with golf course and lake views; Corian kitchen countertops, central vacuum, custom drapes, and three skylights
