Renovated Condo on the
5980 80TH N STREET 106 St Petersburg, FL 33709
5980 80TH N STREET 106, St Petersburg, FL, 33709
$249,900
For Sale
$249,900
Updated first-floor condo with pond view and modern amenities.
Property Size1,100 SF
Price / SF$227.18
Days on Market640
Property Features for 5980 80TH N STREET 106
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1980
Listing Agency
REAL ESTATE FIRM OF FLORIDA, LLC
(727) 946-8100
Listed by
Thomas Varga · License #614407
(727) 946-8100
Source
Exitrealty
Added: Oct 19, 2024 Updated: Jul 10 at 1:05 pm Checked: Jul 19 at 5:06 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 REAL ESTATE FIRM OF FLORIDA, LLC
Investment Insights
Based on property information with market context.
This newly renovated first-floor condo offers modern luxury and security. Situated on a pond, the property features a new kitchen with Calacatta Gold stone countertops. Both bathrooms have been updated, and new baseboards and 24x48 tile flooring have been installed throughout the 1100 square foot space. A full-size washer and dryer are located inside the unit. This property is intended for residents aged 55 and over.
Key Highlights
- Newly renovated and fully updated 1st floor condo.
- Never flooded; no water intrusion from the last 2 storms.
- New kitchen with Calacatta Gold stone countertops.
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 | $19.8k | $18.00 |
| − Vacancy | −$1.4k | −$1.28 |
| EGI | $18.4k | $16.72 |
| − OpEx | −$8.3k | −$7.52 |
| NOI | $10.1k | $9.20 |
1,100 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$144.5K
$126.5K – $168.6K
NOI $10,117 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.1K
$250.4K – $333.8K
NOI $20,028 @ 7.0% cap · market cap 8.01%
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 - Updated first-floor condo with pond view and modern amenities.
Where is this residential income property located?
The property is located at 5980 80TH N STREET 106 St Petersburg, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Newly renovated and fully updated 1st floor condo.; Never flooded; no water intrusion from the last 2 storms.; New kitchen with **Calacatta Gold stone countertops.**
