Updated Unit in 55+
3100 HARTFORD N STREET 205 St Petersburg, FL 33713
For Sale
$98,000
Residential income property in a professionally managed adult community.
Property Size755 SF
Lot Size1.96 Acres
Price / SF$129.80
Days on Market752
Property Features for 3100 HARTFORD N STREET 205
General Information
- Standard status
- Active
- Size
- 755 SF
- Lot size
- 1.96 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1970
Listing Agency:
MURPHY REALTY
(727) 686-6229
Listed By:
Dave Wonsick · License #694726
(727) 686-6229
Source:
Exitrealty
Added: Jul 2, 2024
Changed: Jul 10
Last Checked: Jul 23 at 4:03AM
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 MURPHY REALTY
Investment Insights
Based on property information with market context.
This residential income property features a custom kitchen with stone countertops and stainless steel appliances. The bathroom has been updated with new fixtures, vanity, and tile. New interior paint and flooring have been installed throughout the 755 square foot unit. Each unit includes a dedicated parking spot located nearby. The property is part of Tiffany Gardens, a professionally managed 55+ adult community with a courtyard featuring a fountain and benches. The community is located within 10 minutes of downtown and 20 minutes from beaches.
Key Highlights
- Completely renovated with new custom kitchen (stone countertops, stainless appliances), updated bathroom, paint, and flooring.
- Assigned parking spot located steps away from the unit.
- 55+ adult community (Tiffany Gardens).
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 | $13.6k | $18.00 |
| − Vacancy | −$965 | −$1.28 |
| EGI | $12.6k | $16.72 |
| − OpEx | −$5.7k | −$7.52 |
| NOI | $6.9k | $9.20 |
755 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$99.2K
$86.8K – $115.7K
NOI $6,944 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$196.4K
$171.8K – $229.1K
NOI $13,747 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tiffany Gardens
Condominium Complex
FAQs
What type of property is this?
Residential income property - Residential income property in a professionally managed adult community.
Where is this residential income property located?
The property is located at 3100 HARTFORD N STREET 205 St Petersburg, FL.
What is the asking price?
The asking price for this property is $98,000.
What are key features of this property?
This property features: Completely renovated with **new custom kitchen (stone countertops, stainless appliances)**, updated bathroom, paint, and flooring.; Assigned parking spot located **steps away from the unit**.; 55+ adult community (Tiffany Gardens).
