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5050 74TH STREET N

House For Sale
$975,000

BTC: 10.05154639

ETH: 297.75447319

71 days
Waterfront
9 bds
6 ba
3,409 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Facts and features

Type:
Residential
Parking:
No Data
Year Built:
1980
Lot:
0.36 Acres
Heating:
Central
Price/sqft:
$286
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Convection Oven

    • Refrigerator

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 9

    • Full bathrooms: 6

  • Property

    • Levels: One

    • Exterior Features: Lighting / Other

    Lot

    • Lot: 0.36 Acres

    Other Property Information

    • Parcel Number: 063116000002201700

    • Zoning: R-4

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Cable Connected

    • Electricity Available

    • Electricity Connected

    • Water Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $6,836

  • Source details

    • MLS ID: TB8302468

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Block

    • Laundry Features: Inside / Laundry Room / Washer Hookup

    • Direction Faces: East

    • Waterfront: Yes

    • Living Area: 3409

    • Water Source: Public

    • Lot Size Dimensions: 98 x 156

    • Subdivision Name: DIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: LPT REALTY