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$975,000

Beds
9
Baths
6.0
sq ft
3,409

5050 74th St N, Saint Petersburg, FL 33709

5050 74th St N

SAINT PETERSBURG, FL 33709

  • 55 days on market
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.

Details

Property type

Single Family Residence

Lot size

0.36 acres

Price per sq ft

$287

Year built

1980

Annual property taxes

$6,836.17

HOA

No

Price History

09/11/2024
StellarMLS

StellarMLS #TB8302468

Listed
$975,000
+473.53%
06/23/2005
StellarMLS

StellarMLS #U7098730

Sold
$170,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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House

3839 71st St N, Saint Petersburg, FL 33709

Status: Active

Tomo last checked: 11/05/2024 at 6:40 AM

Listing updated: 10/15/2024 at 7:18 PM

Listed by: Steven Sallo, LPT REALTY Phone #: (877) 366-2213

MLS: StellarMLS #TB8302468

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