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5050 74TH STREET N UNIT 1

Multi-family For Sale
$975,000

BTC: 9.81873112

ETH: 299.02380229

70 days
Waterfront
0 room(s)
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

Florida • SAINT PETERSBURG • 33709 • Multi-family • For Sale • Waterfront

Facts and features

Type:
Residential Income
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

  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

  • Property

    • Exterior Features: Lighting / Sidewalk

    Lot

    • Lot: 0.36 Acres

    Other Property Information

    • Parcel Number: 063116000002201700

    • Zoning: R-4

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Cable Connected

    • Electricity Available

    • Electricity Connected

    • Sewer Connected

    • Water Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $6,836

  • Source details

    • MLS ID: TB8303107

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Block

    • Laundry Features: None

    • Waterfront: Yes

    • Living Area: 3409

    • Water Source: Public

    • Lot Size Dimensions: 98 x 156

    • Subdivision Name: ST. PETE

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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