What is the Asking Price?

The current asking price for this property is $975,000. Please contact me here for further details about this property.

What are the Property's Features?

This home features : 9 beds, 6 baths, 3,409 sqft, 0.36 acres lot, water access, built in 1980, 16 pictures.

Where is the property located?

Property is located at 5050 74TH ST N, SAINT PETERSBURG, FL, US. You can view this listing on our map here .

St. Petersburg home for sale - 5050 74th St N,FL 33709

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5050 74TH ST N, SAINT PETERSBURG, 33709

$975,000
9 Beds, 6 Baths , 3,409 Sq.Ft
County: Pinellas
Subdivision: DIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P

Property highlights

MLS#: TB8302468
15,494.00 lot size Sq.Ft.
Year built: 1980
Waterfront:

Listed: 09/11/2024
Taxes: $6,836.17
Virtual Tour

Property Overview

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 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.

Driving directions : I-275 EXIT AT 54TH AVE. N. HEAD WEST TO 71ST. N. TURN LEFT, GO TO 50TH AVE. TURN RIGHT, AT END OF STREET TURN RIGHT ONTO 74TH ST. TO ADDRESS.

Property Features

Rooms	Dimension	Description
Primary Bedroom	18x15	First level
Primary Bathroom	14x12	First level
Kitchen	14x12	First level
Living Room	18x14	First level

Interior Features

Other

Appliances

Convection Oven
Refrigerator

Heating

Central

Laundry features

Inside
Laundry Room
Washer Hookup

Air Conditioning

Central Air

Floor Covering

Tile

Utilities

BB/HS Internet Available
Cable Available
Cable Connected
Electricity Available
Electricity Connected
Water Available
Water Connected

Exterior features

Lighting
Other

View

Water

Construction Materials

Stucco

Road Surface Type

Asphalt

Roof

Shingle

Foundation

Block

Listing information courtesy of LPT REALTY

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Listing data comes from My Florida Regional MLS.