FL
Pinellas
ST PETERSBURG
33709
5050 74TH N STREET 1
5050 74TH N STREET 1, ST PETERSBURG, FL 33709
Listing Type
Multi Family
Listing Status
pending
16
$975,000

Home Details for 5050 74TH N STREET 1

Price
$975,000
Type
Residential Income
Bedrooms
0
Bathrooms
0.0
Square feet
3409
Year built
1980
Lot size acres
0.36
County
Pinellas
Garage
Days on site
126
MLS Listing#
TB8303107
Listing courtesy: LPT REALTY - 877-366-2213
Property Description

Under contract-accepting backup offers. 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.

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Property Features
  • Utilities
    • Cable Available
    • Cable Connected
    • Electricity Available
    • Electricity Connected
    • Sewer Connected
    • Water Available
    • Water Connected
  • Waterfront and Water Access
    • Canal Front
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
  • House Interior
    • Ceiling Fans(s)
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-01-15 09:58:56
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Market statistics compiled from data from Stellar MLS.
EXIT SUNCOAST REALTY
5113 Central Ave, St. Petersburg, FL 33710
Office
727 320 3948
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