5050 74th Street N, ST PETERSBURG, FL

$975,000

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9

Beds

6

Baths

3,409

Square feet

0.36

Acres

About 5050 74th Street N

Foundation being repaired by 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!!!! 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.

Residential home for sale in ST PETERSBURG, FL at 5050 74th Street N. This 9 bedroom Residential home is priced at $286/sqft

Features of 5050 74th Street N

MLS® # TB8302468
Price $975,000
Bedrooms 9
Bathrooms 6.00
Full Baths 6
Square Footage 3,409
Acres 0.36
Year Built 1980
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information: St Petersburg

Address 5050 74th Street N
Area St Pete/Kenneth City
Subdivision DIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P
City ST PETERSBURG
County Pinellas
State FL
Zip Code 33709

Amenities of 5050 74th Street N

View Water
Is Waterfront Yes
Waterfront Canal - Saltwater
Has Pool No
Senior Community No

Interior of 5050 74th Street N

Interior Features Other
Appliances Convection Oven, Refrigerator
Heating Central
Cooling Central Air
Fireplace No
# of Stories 1

Exterior of 5050 74th Street N

Exterior Features Lighting, Other
Roof Shingle
Foundation Block

Additional Information On 5050 74th Street N

Date Listed September 11th, 2024
Days on Market 151
Zoning R-4
Flood Zone Code AE
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeLPT REALTY

Map To 5050 74th Street N, ST PETERSBURG

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