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
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
- Address5050 74TH STREET N UNIT 1 SAINT PETERSBURG FL
- SubdivisionST. PETE
- CitySAINT PETERSBURG
- CountyPinellas
- Zip Code33709
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Courtesy of LPT REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
5050 74TH STREET N UNIT 1
SAINT PETERSBURG, FL
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