New Listing - 09/12/2024
5050 74th STREET N, #1, St. Petersburg, FL, 33709
0 beds
1980
3,409 sqft
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.
Status:
Active
Type:
Multi-family
Laundry Remarks:
None
Units:
6
Subdivision:
ST. PETE
Heating:
Central
Cooling:
Central Air
Lot Size:
98 x 156
Acreage:
0.36
Est. Taxes:
$6,836
Construction
Stucco
Utilities
BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected
Days on Market:
1
MLS #:
TB8303107
Community Info
School Info
Walk Score
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Listing courtesy of LPT Realty Phone: 877-366-2213