$975,000 ($286.01 per sqft)

Est. Mortgage $5,059/mo *

Quick Pre-Approval

5050 74th STREET N, St. Petersburg, FL, 33709

5050 74th STREET N, St. Petersburg, FL, 33709

4 rooms

9 beds

6 Full baths

1980

3,409 sqft

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.


Status:

Active

Type:

Single-family residential

Laundry Remarks:

Inside, Laundry Room, Washer Hookup

Subdivision:

DIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P

Heating:

Central

Cooling:

Central Air

Levels:

1

Lot Size:

98 x 156

Acreage:

0.36

Est. Taxes:

$6,836

Construction

Stucco

Utilities

BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water Connected

View Description:

Water

Days on Market:

34

Appliances:

Convection Oven, Refrigerator

Min Lease Term:

No Minimum

MLS #:

TB8302468


Community Info

School Info

Walk Score

Yelp



Listing courtesy of LPT Realty Phone: 877-366-2213