5050 74th Street N 1, Saint Petersburg, FL 33709
  • MLS#: TB8303107 ( Residential Income )
  • Street Address: 5050 74th Street N 1
  • Viewed: 18
  • Price: $975,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Canal - Saltwater,Canal Front
  • Year Built: 1980
  • Bldg sqft: 0
  • Days On Market: 72
  • Additional Information
  • Geolocation: 27.8179 / -82.7414
  • County: PINELLAS
  • City: Saint Petersburg
  • Zipcode: 33709
  • Subdivision: St. Pete
  • Provided by: LPT REALTY
  • Contact: Steven Sallo
  • 877-366-2213
  • DMCA Notice
  • Description
    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.
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Features
Waterfront Description
  1. Canal - Saltwater
  2. Canal Front
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Lighting
  2. Sidewalk
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
Legal Description
  1. PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB
Living Area
  1. 3409.00
Area Major
  1. 33709 - St Pete/Kenneth City
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 06-31-16-00000-220-1700
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2023
Township
  1. 31
Utilities
  1. BB/HS Internet Available
  2. Cable Available
  3. Cable Connected
  4. Electricity Available
  5. Electricity Connected
  6. Sewer Connected
  7. Water Available
  8. Water Connected
Views
  1. 18
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8303107
Water Source
  1. Public
Year Built
  1. 1980
Zoning Code
  1. R-4