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5050 74TH ST N #1,  ST PETERSBURG, FL 33709

MLS# TB8303107.  9 beds.  0.0 baths.  Multi-Family 5+.  Active

$6,836 in taxes (2023)

$975,000

 

Remarks:

1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! ADDITIONAL WATERFRONT LOT INCLUDED!!! 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 135Ft OF WATER FRONTAGE!!!! Fully occupied cash generating investment property and all tenants are on MONTH TO MONTH AGREEMENTS!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1, 800, $1, 800, $1, 800, $1, 200, $1, 200 $1, 150 Total: $8, 950 per month and $107, 400 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4, 128 annually. Taxes $6, 800 annually and Insurance $4, 103 annually, never flooded in the last 20 years! Total expenses annually : $15, 031 Net annual profit roughly: $92, 368!!! 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. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!

Quick Info:

  • Listing is courtesy Of: LPT REALTY ((877-366-2213))
  • Listing Agent: Steven Sallo ((727-260-2142))
  • Days on yellowkey: 617
  • Property Type: Multi-Family 5+
  • Beds: 9
  • Baths: 0.0
  • Living Area Square Feet: 3409
  • Built 1980
  • Taxes: $6,836 (2023)
  • Garage Spaces: ()
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  • Fees: $0
  • Pinellas County
  • Terms: Cash, Conventional, FHA, Owner Financing, VA Loan
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  • Subdivision Name: ST. PETE
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History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
9/12/2024Sale617TB8303107listed for sale$975,000-MLS




Data is updated at least once a week by Sunday nights. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. Data can be retrieved from any one of the following MLS’s: Greater Fort Lauderdale REALTORS®, Space Coast Association of REALTORS®, My Florida Regional MLS, Florida Gulf Coast MLS, "©2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved." The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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