$975,000

5050 74TH STREET N 1, St Petersburg, FL 33709

  • 9 beds |
  • 6 baths |
  • 3,409 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon0.36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $286/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! ADDITIONAL WATERFRONT LOT INCLUDED!!! 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 135Ft OF WATER FRONTAGE!!!! Fully occupied cash generating investment property and all tenants are on MONTH TO MONTH AGREEMENTS!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,800, $1,800, $1,800, $1,200, $1,200 $1,150 Total: $8,950 per month and $107,400 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $92,368!!! 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. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!

Listing Status:
Active
Date Added:
September 12, 2024
Data Last Updated:
May 1, 2026 at 1:23AM
Listing Office:
LPT REALTY : 877-366-2213
Listing Agent:
Steven Sallo : 727-260-2142
MLS ID:
TB8303107
  • General: Ceiling Fans(s)
  • Laundry: None
  • A/C: Central Air
  • Heating: Central
  • General: LightingSidewalk
  • Roofing: Shingle
  • General: StuccoBlock
  • Road/Access: Asphalt
  • Originating MLS: Stellar MLS
  • County: Pinellas
  • Zoning: R-4PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB06-31-16-00000-220-1700
  • Utilities: BB/HS Internet AvailableCable AvailableCable ConnectedElectricity AvailableElectricity ConnectedSewer ConnectedWater AvailableWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Stellar MLS
  • Ownership: Fee Simple

This listing courtesy of Steven Sallo , LPT REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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