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    Waterfront Condo with Flexible Layout Title is generated by Realmo AI

    5108 AMULET DRIVE 206, New Port Richey, FL 34652

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    For Sale
    $160,000

    Furnished one-bedroom condo with potential for a second bedroom.

    Type:Condo/Townhome
    Property size:
    1,104 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $144/SF
    Added:
    Jan 12, 2024
    Days on Market:
    909
    Last Refresh:
    Apr 6 at 12:18 am

    Property Features for 5108 AMULET DRIVE 206

    General Information

    Standard status
    Active
    Size
    1,104 SF
    Lot size
    0.02 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1970

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    Nicole Rutherford, PA

    Listing office SANDPEAK REALTY

    Listing date Jan 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 SANDPEAK REALTY

    HighLights

    • Waterfront condo with deep water canal access to the Gulf of Mexico
    • Fully furnished
    • Flexibility to convert living room space into a second bedroom
    • $3,000 seller credit towards closing costs
    • Brazilian teak wood floors throughout
    • Access to two community pools

    Overview

    This fully furnished waterfront condo offers views of a deep water canal leading to the Gulf of Mexico. The one-bedroom unit presents the opportunity to convert a portion of the living room into a second bedroom using a partition wall, as it already includes a closet and door for privacy. Brazilian teak wood floors enhance the living space. The sunroom provides natural light and a view of the waterfront. The condo includes two bathrooms. The master bedroom features an en-suite bathroom and a walk-in closet. An additional closet is located off the Florida room. Residents have access to two pools.

    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 $19.9k $18.00
    − Vacancy −$1.4k −$1.28
    EGI $18.5k $16.72
    − OpEx −$8.3k −$7.52
    NOI $10.2k $9.20
    1,104 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $145.1K
    $126.9K – $169.2K (±1% cap)
    NOI $10,154 @ 7.0% cap · market cap 6.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $251.5K
    $220.1K – $293.4K (±1% cap)
    NOI $17,604 @ 7.0% cap · market cap 11.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Locksmith Cafe & Coffee Shop Catering Service (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store Tanning Salon Plumbing Service (Bike/Boat/Book/etc) Store Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7336223
    Latitude
    28.2329385

    FAQs

    What type of property is this?
    Residential income property - Furnished one-bedroom condo with potential for a second bedroom.
    Where is this residential income property located?
    The property is located at 5108 AMULET DRIVE 206 New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Waterfront condo with deep water canal access to the Gulf of Mexico; Fully furnished; Flexibility to convert living room space into a second bedroom
    More about this property
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