$975,000 ($286.01 per sqft)

Est. Mortgage $4,994/mo *

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5050 74th STREET N, #1, St. Petersburg, FL, 33709

5050 74th STREET N, #1, St. Petersburg, FL, 33709

0 beds

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:

Multi-family

Laundry Remarks:

None

Units:

6

Subdivision:

ST. PETE

Heating:

Central

Cooling:

Central Air

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, Sewer Connected, Water Available, Water Connected

Days on Market:

33

MLS #:

TB8303107


Community Info

School Info

Walk Score

Yelp



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