5050 74TH STREET SAINT PETERSBURG FL 33709
- 9 beds
- 6 baths
- 3409 sq ft
Courtesy of
- Listing Office: LPT REALTY
- Status: Active
- MLS ID: MFRTB8302468
Description
-
Description:
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.
Show all description - Virtual Tour: https://www.propertypanorama.com/instaview/stellar/TB8302468
Video
- VirtualTourURLUnbranded: https://www.propertypanorama.com/instaview/stellar/TB8302468
Basics
- Bathrooms Half: 0
- Date added: Added 2 hours ago
- Category: Single Family Residence
- Type: Residential
- Bedrooms: 9
- Bathrooms: 6
- Half baths: 0
- Floors: 1
- Area, sq ft: 3409 sq ft
- Lot size, sq ft: 15494 sq ft
- Year built: 1980
- View: Water
- SubdivisionName: DIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P
Location
- CountyOrParish: Pinellas
Property Features
- Interior Features: Other
- Appliances: Convection Oven, Refrigerator
- Flooring: Tile
- Laundry Features: Inside, Laundry Room, Washer Hookup
- Waterfront YN: Yes
- Waterfront Features: Canal - Saltwater
- Exterior Features: Lighting, Other
- Roof: Shingle
- View: Water
- Water Source: Public
- Sewer: Public Sewer
- Cooling: Central Air
- Heating: Central
Property Details
- Subdivision Name: DIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P
- Direction Faces: East
- Construction Materials: Stucco
Fees&Taxes
- Tax Year: 2023
- Tax Annual Amount: $6,836
Amenities & Features
- Waterfront available: Yes
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Central Air
- ExteriorFeatures: Lighting, Other
- Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water Connected
- Features:
- Amenities: