4232 100th AVENUE N
About This Property
The Mainlands of Tamarac is a 55+, golf cart friendly Community centrally located in Pinellas county. Everything from beaches and shopping to sports arenas and breweries are all within a few miles of this community. The Community includes 7 Units (subdivisions), each having its own Clubhouse, Pool, Amenities & Social Clubs. This home is in "Unit 2." Unit 2 allows up to two dogs, or two cats. If you are a snowbird considering leasing your unit, the HOA allows a maximum of two rentals per year, for a minimum of 3 months with tenant approval required.
This home has a convenient floorplan that is perfect for entertaining guests or enjoying peaceful afternoons enjoying the lake view. You enter the home through a large covered front porch the opens to a spacious living room with wood floors and lots of natural light. The home had most of its windows updated in 2009. The kitchen is centered in the home and opens to the dining room, a huge Florida room with views of the lake, and breakfast nook. The home has been well maintained over the years, but is ready for a new owners personal touches to make it their own. The Roof was installed by the HOA in 2019, the A/C system (including ducts) were replaced by the current owner in 2019.
On the left side of the home are the two bedrooms. The primary suite is spacious with a walk-in closet and en-suite bathroom. The Primary bathroom has a convenient walk-in shower. The second bedroom is well-sized and has double wall closets. In the hallway is a full bathroom with a tub / shower. The Florida room runs almost 30 feet along the back of the home and has oversized windows with amazing views of the community Lake / pond. On the right side of the home is a one car garage that leads to the laundry room and then into the Kitchen. The current owners lender does NOT require Flood Insurance. Please see attached FEMA LOMA letter showing elevations. All Condo Docs and Financials are available on the website: themainlands.com
These waterfront lots sell quickly! Schedule your showing today before it is gone!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017