5050 74th Street N #1, Saint Petersburg, FL 33709
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: steven sallo
Office: lpt realty
MLS#:TB8303107
Source:MFRMLS
Price summary
- Price:$975,000
- Price per sq. ft.:$286.01
About this home
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!!!...
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Home facts
- Year built:1980
- Listing ID #:TB8303107
- Added:440 day(s) ago
- Updated:March 30, 2026 at 11:55 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Basement Description:Block
- Living area:3,409 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1980
- Building area:3,409 sq. ft.
- Lot area:0.36 Acres
- Construction Materials:Stucco
- Exterior Features:Lighting, Sidewalk
- Foundation Description:Block
- Levels:1 Story
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$286.01
- Tax amount:$6,836 (2023)
Features and amenities
- Amenities:BB/HS Internet Available, Cable Available, Cable Connected, Ceiling Fans(s), Electricity Available
- Pool features:Public Pool
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