Homes for sale - 5050 74TH ST N #1, St Petersburg, FL 33709

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Jun

Tue

Jun

Wed

Jun

Ben Aicher

benaicherrealtor@gmail.com +1(614) 563-2908

$975,000

Est. payment - /mo

3,409 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,409 sqft

Price per Sqft $286

Subdivision St. Pete

MLS Listing ID TB8303107

HOA Y/N No

Year Built 1980

Annual Tax Amount $6,836

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 98x156

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! 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!!!

Location

State FL

County Pinellas

Community St. Pete

Area 33709 - St Pete/Kenneth City

Zoning R-4

Direction N

Interior

Interior Features Ceiling Fans(s)

Heating Central

Cooling Central Air

Fireplace false

Laundry None

Exterior

Exterior Feature Lighting, Sidewalk

Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected

Waterfront Description Canal - Saltwater,Canal Front

View Y/N Yes

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Block

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Owner Financing, VA Loan

Listing Terms Cash, Conventional, FHA, Owner Financing, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8303107

Read Less Info

Listed by LPT REALTY

GET MORE INFORMATION

Ben Aicher

+1(614) 563-2908

Realtor

5050 74TH ST N #1 St Petersburg, FL 33709

Ben Aicher

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

5050 74TH ST N #1