5050 74TH STREET N UNIT 1 SAINT PETERSBURG FL 33709 MLS #TB8303107

5050 74TH STREET N UNIT 1
SAINT PETERSBURG, FL, 33709
$975,000
Beds
0 Baths
3,409 SqFt
0.36 Acres
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PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH WATER VIEWS!!!! Fully occupied cash generating investment property!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. $1,300 $1,560 $1,500 $950 $1,000 $1,000 Total: $7,310 per month $87,720 total income per year Expenses: $250 per month for water garbage pickup $94 per month $4,128 annually Taxes $6,800 annually Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $72,689 Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air 8% cap rate with opportunity to boost to 9-10% cap rate with rent raise and laundry area addition.

Property Details

Price:
$975,000
MLS #:
TB8303107
Status:
Active
Beds:
0
Baths:
0
Address:
5050 74TH STREET N UNIT 1
Type:
Multi Family
Subdivision:
ST. PETE
Neighborhood:
33709 – St Pete/Kenneth City
City:
SAINT PETERSBURG
Listed Date:
Sep 12, 2024
State:
FL
Finished Sq Ft:
3,409
ZIP:
33709
Lot Size:
15,494 sqft / 0.36 acres (approx)
Year Built:
1980
Units:
6
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Schools

Interior

Cooling
Central Air
Heating
Central
Laundry Features
None

Exterior

Construction Materials
Stucco
Exterior Features
Lighting, Sidewalk
Roof
Shingle

Financial

Tax Year
2023
Taxes
$6,836

Map

Community

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5050 74TH STREET N UNIT 1
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