$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
- 8 days on market
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
Price History
09/11/2024
StellarMLS #TB8302468
Listed
$975,000
+473.53%
06/23/2005
StellarMLS #U7098730
Sold
$170,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
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House3839 71st St N, Saint Petersburg, FL 33709
Status: Active
Tomo last checked: 09/19/2024 at 12:55 PM
Listing updated: 09/12/2024 at 6:52 AM
Listed by: Steven Sallo, LPT REALTY Phone #: (877) 366-2213
MLS: StellarMLS #TB8302468
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