5050 74TH STREET N
Saint Petersburg, FL 33709
3409 sqft | 9 beds | 6 baths | 0.36 acres | #TB8302468
Description
ZERO DAMAGE FROM EITHER HURRICANE!!! 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.
Interior Details
- InteriorOther
Beds & Baths
- Bedrooms9
- Bathrooms6
- Full Baths6
Property Details
- Exterior MaterialsLighting, Other
- ViewWater
- Stories1
Measurements
- Acres0.36
- Square Feet3409
Construction Details
- Property TypePurchase
Condition
- Year Built1980
Material information
- FoundationBlock
Utilities / Energy Details
- Utility FeaturesBB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionDIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P
Location
- CountyPinellas
Financial Details
- Original List Price$975,000
- Taxes Annual$6,836
- Days on Market (Cumulative)41
Other
- MLS #TB8302468
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Carolyn Christian
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Steven Sallo (#MFR260053540)
Listing Office: LPT REALTY (#MFR261016803)
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