9160 Gulf BOULEVARD
About This Property
The "bones" of this home are from quality 1957 construction. In 2002 the home went through a major renovation. Many of the windows are Simonton with a very reliable lifetime warranty. The roof is clay tile which can have a 50 to 100 year life span. There were some flat roofs that had been eliminated by the construction. The pitch of the roof had been increased to give a more sophisticated appearance. The new 2 car garage has been widened to give a more comfortable fit for 2 cars. The floor in the main living area is mostly 20" Italian tile. Master bedroom has Brazilian Cherry engineered wood and the third bedroom floor is oak engineered wood. High quality solid maple cabinets in the kitchen and thermal foil doors with laminated mica cabinets in the master bath. Large maple wall unit custom designed by Stephen D of St Petersburg. Granite counters in kitchen and master bath. There is a 2nd master bedroom with en-suite bathroom.
The home is being sold As-Is. Pool equipment and supplies, garden and landscaping tools, and misc. household tools will be left as a courtesy to the new owner. Seller desires to lease back for a short time to be able to find a new home in this tight real estate market.
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Cap Rate Calculator
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Mar 28, 2024 | Price Decreased |
$1,850,000
↓ $100K
(5.1%) | |
| Price Decreased | |||
| Mar 13, 2024 | Price Decreased |
$1,950,000
↓ $45K
(2.3%) | |
| Price Decreased | |||
| Jan 30, 2024 | Price Decreased |
$1,995,000
↓ $155K
(7.2%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About St. Pete Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017