5050 74TH STREET N UNIT 1 SAINT PETERSBURG FL 33709 MLS #TB8303107 | Gary Kusher | Florida Real Estate

5050 74TH STREET N UNIT 1
SAINT PETERSBURG, FL, 33709
$975,000
Beds
0 Baths
3,409 SqFt
0.36 Acres
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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.

Property Details

Price:
$975,000
MLS #:
TB8303107
Status:
Active
Beds:
0
Baths:
0
Address:
5050 74TH STREET N UNIT 1
Type:
Multi Family
Subdivision:
ST. PETE
Neighborhood:
33709 – St Pete/Kenneth City
City:
SAINT PETERSBURG
Listed Date:
Sep 12, 2024
State:
FL
Finished Sq Ft:
3,409
ZIP:
33709
Lot Size:
15,494 sqft / 0.36 acres (approx)
Year Built:
1980
Units:
6
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I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.

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Schools

Interior

Cooling
Central Air
Heating
Central
Laundry Features
None

Exterior

Construction Materials
Stucco
Exterior Features
Lighting, Sidewalk
Roof
Shingle

Financial

Tax Year
2023
Taxes
$6,836

Map

Community

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5050 74TH STREET N UNIT 1
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