Updated First Floor End
5725 GREENWOOD AVENUE 8101 North Port, FL 34287
For Sale
$205,000
Tastefully updated condominium with community pool access in North Port.
Property Size1,153 SF
Lot Size5.09 Acres
Price / SF$177.80
Days on Market534
Property Features for 5725 GREENWOOD AVENUE 8101
General Information
- Standard status
- Active
- Size
- 1,153 SF
- Lot size
- 5.09 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2001
Listing Agency:
PARADISE EXCLUSIVE INC
(941) 855-0149
Listed By:
Joanne Walters · License #3270405
(941) 855-0149
Source:
Exitrealty
Added: Feb 5, 2025
Changed: Jul 6
Last Checked: Jul 23 at 7:18AM
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 PARADISE EXCLUSIVE INC
Investment Insights
Based on property information with market context.
This updated condominium is a first-floor end unit. The residence features a kitchen equipped with granite countertops, stainless-steel appliances, a large closet pantry, and a breakfast bar that overlooks the open-concept living and dining area. A breakfast nook is also present. The split-bedroom layout includes a master suite with space for a king-size bed, two closets, an ensuite bath with a step-in shower, and lanai access via a sliding glass door. The guest quarters include a second bedroom, a full bath with a tub/shower combination, and a laundry closet. The community provides grounds care and pest control. Water and sewer are included in the $270 monthly HOA fees. A new roof was installed in 2023. The property is located in North Port, near Downtown Wellen Park, CocoPlum Village Shoppes, and Venice Beaches. The property size is 1153 square feet.
Key Highlights
- First floor, end unit located directly next to the community pool for ultimate convenience.
- Tastefully updated with granite countertops and stainless‑steel appliances in the spacious kitchen.
- Split‑bedroom layout provides privacy with a master suite including ensuite bath and access to a private lanai.
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 | $21.3k | $18.48 |
| − Vacancy | −$2.2k | −$1.92 |
| EGI | $19.1k | $16.56 |
| − OpEx | −$8.6k | −$7.45 |
| NOI | $10.5k | $9.11 |
1,153 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$150.0K
$131.3K – $175.0K
NOI $10,500 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.7K
$286.7K – $382.3K
NOI $22,938 @ 7.0% cap · market cap 11.19%
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
FAQs
What type of property is this?
Residential income property - Tastefully updated condominium with community pool access in North Port.
Where is this residential income property located?
The property is located at 5725 GREENWOOD AVENUE 8101 North Port, FL.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: First floor, end unit located directly next to the community pool for ultimate convenience.; Tastefully updated with granite countertops and stainless‑steel appliances in the spacious kitchen.; Split‑bedroom layout provides privacy with a master suite including ensuite bath and access to a private lanai.
