5050 74TH ST N, ST PETERSBURG, FL, 33709
$975,000
Residential
Bedrooms
9
Bathrooms
6
Living Area
3,409 Sqft
Lot Size
15,494 Sqft
Foundation being repaired by end of February!!! 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.
Property Details
Property Features Property Features
MLS ID: MFRTB8302468 Year Built: 1980
Appliances: Convection Oven, Refrigerator Construction Materials: Stucco
Cooling: Central Air Country: US
Direction Faces: East Exterior Features: Lighting, Other
Flooring: Tile Foundation Details: Block
Heating: Central Laundry Features: Inside, Laundry Room, Washer Hookup
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, FHA, Owner Financing, VA Loan Occupant Type: Owner
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water Connected
View: Water Water Source: Public
Waterfront Features: Canal - Saltwater
Rooms Rooms
Primary Bedroom: 18x15 ft Primary Bathroom: 14x12 ft
Kitchen: 14x12 ft Living Room: 18x14 ft
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