WOW! This charming and rare, waterfront condo, is turn-key
furnished, with a 30' deeded boat slip in its back yard. Your
living room has an incredible view of the widest part of the
deepwater canal, with 5-minute bay access. It's a corner
unit, in a gated, maintenance-free community, with accommodating
amenities that include a pool, tennis and basketball courts and low
monthly condo fees. In a cul-de-sac with a large, attached carport,
and a driveway that parks up to 3 cars. For entertaining there are
lots of guest parking spots, steps from your front door. The view
from the private lanai is so stunning that you may never want to
leave, and it has a patio for cooking out. Inside, this home has
hard-wood flooring, crown molding and is luxuriously furnished.
From the leather sofa, love seat and big screen TV to the maple
dining room set and queen-size bedroom suite, all of the contents
are delightful. It comes complete with an air fryer, toaster oven,
dishes, pots and pans and silverware. All you'll need here Is a new
queen size mattress and a toothbrush. The kitchen has a breakfast
bar, hardwood cabinets and Maytag appliances. There's a full-size
Maytag washer & dryer, The A/C was installed in 2021. Plumbing and
electric have been updated. The COA is responsible for the roof,
seawall, building exterior, irrigation and irrigation water,
grounds maintenance, sewage and trash. They insure the building so
insurance and taxes are significantly reduced. It's beautifully
landscaped and walking distance to Finn's and Circles restaurants.
Nothing waterfront in this price range has been available in Apollo
beach for years. It is the perfect winter retreat, primary
residence or investment property. This home is move-in ready and
can close in a week. Bring your offers today.
Unit Size
723 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$346
Property Type
Condo
Property Taxes
$177
HOA Dues
-
Year Built
1986
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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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