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About This Home
This 9-bedroom, 0-bathroom residential multi family at 5050 74TH STREET N in ST PETERSBURG, FL is listed for $975,000 ($286 per sqft). Built in 1980, the home offers 3,409 sqft of living space on a 0.36 acres lot.
1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 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!!!
Key Features
- Built in 1980
- 0.36 acre lot
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$5,215/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5050 74TH STREET N
ST PETERSBURG, FL 33709
ST. PETE
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 9-bedroom, 0-bathroom residential multi family at 5050 74TH STREET N is listed at $975,000 ($286/sqft). The estimated monthly payment is $4,225 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 0.36 acre lot, Waterfront. Interior Features: Ceiling Fans(s). Exterior Features: Lighting, Sidewalk.
This property is listed by Steven Sallo and can be reached at 7272602142 or Deetsrealty@gmail.com.
