5050 74th Street N, ST PETERSBURG, FL 33709
- MLS#: TB8302468 ( Residential )
- Street Address: 5050 74th Street N
- Viewed: 38
- Price: $975,000
- Price sqft: $286
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Canal - Saltwater
- Year Built: 1980
- Bldg sqft: 3409
- Bedrooms: 9
- Total Baths: 6
- Full Baths: 6
- Days On Market: 125
- Additional Information
- Geolocation: 27.8179 / -82.7414
- County: PINELLAS
- City: ST PETERSBURG
- Zipcode: 33709
- Subdivision: Distlfpw Sectwnrngmersec 06 Tw
- Provided by: LPT REALTY
- Contact: Steven Sallo
- 877-366-2213
- DMCA Notice
-
DescriptionZero 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.