5050 74th Street N #1, ST PETERSBURG, FL 33709

Local realty services provided by:Better Homes and Gardens Real Estate Synergy
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5050 74th Street N #1,ST PETERSBURG, FL 33709
$975,000
Virtual Tour
  • - Beds
  • - Baths
  • 3,409 sq. ft.
  • Multi-family
  • Active
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

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

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Home facts

  • Year built:1980
  • Listing Id #:TB8303107
  • Added:212 day(s) ago
  • Updated:August 14, 2025 at 11:52 AM

Rooms and interior

  • Living area:3,409 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1980
  • Building area:3,409 sq. ft.
  • Lot area:0.36 Acres

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)
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