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5050 74th Street N , #1

St Petersburg, FL 33709
  • $975,000
  • STATUS: Active
  • ON SITE: 148 Days
  • MLS #: TB8303107
UPDATED: 43 min ago
$975,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,409
    SQFT
  • $286
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

Back on the market with Foundation repairs being completed by the end of February!!! 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!!!! Back on the market and Foundation repairs will be completed by 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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© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-08T07:46:09.173.
www.homeinsarasotafl.com/homes/155082716
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5050 74th Street N , #1 St Petersburg, FL 33709

  • Price: $975,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 43 min ago
  • MLS #: TB8303107
0
Beds
0
Baths
0
½ Baths
0.36
Acres
3,409
SQFT
$286
$/SQFT
1980
Built
Neighborhood:
St. Pete
County:
Pinellas
Area:
St Pete/Kenneth City
Property Description
Back on the market with Foundation repairs being completed by the end of February!!! 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!!!! Back on the market and Foundation repairs will be completed by 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.
Exterior Features

Carport Yn No Construction Materials Stucco Exterior Features LightingSidewalk Foundation Details Block Lot Size Dimensions 98 x 156 Pool Private Yn No Road Surface Type Asphalt Roof Shingle Water Access Yn No Water Extras Yn No Water View Canal Water View Yn Yes Waterfront Features Canal - SaltwaterCanal Front Waterfront Feet Total 0 Waterfront Yn Yes

Interior Features

Cooling Central Air Cooling YN Yes Fireplace Yn No Heating Central Heating YN Yes Interior Features Ceiling Fan(s) Laundry Features None Sewer Public Sewer Water Source Public

Property Features

Annual Expenses 15031 Annual Net Income 72689 Association Yn No Cdd Yn No Est Annual Market Income 100000 Flood Zone Code AE Garage Yn No Listing Terms CashConventionalFHAOwner May CarryVA Loan New Construction Yn No Ownership Fee Simple Property Sub Type Multi Family Senior Community Yn No Special Listing Conditions None Tax Annual Amount 6836.17 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet AvailableCable AvailableCable ConnectedElectricity AvailableElectricity ConnectedSewer ConnectedWater AvailableWater Connected Zoning R-4


Listing information © 2025 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of LPT REALTY: 877-366-2213.



© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-08T07:46:09.173.
 
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