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Listed price in listed location currency (USD).
$975,000

960

MLS® TB8303107

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3409 sqft
Garage 
Taxes $6,836
Days Active 602
Lot Size 
Approx. Age 1980
Avg. Price Per Sqft $286
MLS® Number TB8303107

Property Address: 1-5050 74th St N, SAINT PETERSBURG, FL, 33709-2602

Average square foot calculated using Size range provided by listing agent.

Description

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!!!
MLS® NumberTB8303107
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1980
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 12, 2024List Date
$975,000List Price
  • Commute

Commute

Starting Address
Destination Address
5050 74Th St N, Saint Petersburg, FL

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