5050 74th Street N Unit 1, St Petersburg, FL 33709
- $975,000
- 3,409
- SqFt
- List Price
- $975,000
- Status
- Active
- Days on Market
- 21
- MLS#
- TB8303107
- Property Style
- Multi-Family
- Year Built
- 1980
- Living Area
- 3,409
- Lot Size
- 15,494
- Acres
- 0.36
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- St. Pete
- MLS Area Major
- St Pete/Kenneth City
Property Description
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.
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Additional Information
- Taxes
- $6836
- Annual Gross Income
- 87720
- Community Features
- No Deed Restriction
- Zoning
- R-4
- Interior Layout
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Utilities
- BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Exterior Features
- Lighting, Sidewalk
- Roof
- Shingle
- Foundation
- Block
- Pool
- No Pool
- Water View
- Canal
- Water Frontage
- Canal - Saltwater, Canal Front
- Flood Zone Code
- AE
- Parcel ID
- 06-31-16-00000-220-1700
- Legal Description
- PART 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 POB
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Listing courtesy of LPT REALTY.
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