Updated Condo in South
508 S GLEN AVENUE 2 Tampa, FL 33609
508 S GLEN AVENUE 2, Tampa, FL, 33609
$325,000
For Sale
$325,000
Modern two-bedroom condo with updated kitchen and private patio.
Property Size1,073 SF
Price / SF$302.89
Days on Market597
Property Features for 508 S GLEN AVENUE 2
General Information
- Standard status
- Active
- Size
- 1,073 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing Agency
PREMIER SOTHEBYS INTL REALTY
(813) 439-4816
Listed by
Paul DeSantis, PA · License #3125695
(813) 439-4816
Source
Exitrealty
Added: Nov 26, 2024 Checked: Jul 16 at 7:43 am
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 PREMIER SOTHEBYS INTL REALTY
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium offers modern updates and comfortable living in South Tampa. The residence is not in a flood zone and is located near Grady Elementary School, Coleman Middle School, and Plant High School. Contemporary touches include faux wood ceramic tile, recessed LED lighting, and updated outlets and switches. The updated kitchen features granite countertops, two-tone blue and white shaker-style cabinets, stainless steel appliances, and glass subway tile backsplash. Built-in pantry cabinets provide ample storage, and a large, framed glass-block window fills the space with natural light. The oversized primary suite offers generous space and natural light from large windows in the bedroom and en-suite bath. A secondary bedroom includes a deep closet, and there is a common area bath and a utility closet with a full-size, front-loading washer and dryer. The private screened and covered patio is suitable for relaxation. Two parking spaces are provided for residents, with additional guest parking available. Located in South Tampa, this condominium offers access to dining, shopping, and entertainment options. The property size is 1073 square feet.
Key Highlights
- Prime South Tampa location with easy access to dining, shopping, and entertainment.
- Located in a non‑flood zone and zoned for top‑rated schools.
- Updated kitchen with GRANITE COUNTERTOPS, shaker‑style cabinets, and stainless steel appliances.
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 | $22.8k | $21.24 |
| − Vacancy | −$1.6k | −$1.51 |
| EGI | $21.2k | $19.73 |
| − OpEx | −$9.5k | −$8.88 |
| NOI | $11.6k | $10.85 |
1,073 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$166.4K
$145.6K – $194.1K
NOI $11,645 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.0K
$218.7K – $291.6K
NOI $17,498 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Modern two-bedroom condo with updated kitchen and private patio.
Where is this residential income property located?
The property is located at 508 S GLEN AVENUE 2 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: Prime South Tampa location with easy access to dining, shopping, and entertainment.; Located in a non‑flood zone and zoned for top‑rated schools.; Updated kitchen with GRANITE COUNTERTOPS, shaker‑style cabinets, and stainless steel appliances.
