1 of 16
Tools
Size
3,409 Sq Ft.
interior
0.36 Acres
Exterior
Financial
$975,000
Change Currency
$286
Price Per Sqft
$6,836
Annual taxes
Listing Details
Multi Family
Property type
1980
Year Built
13123673
Web Id
TB8303107
MLS ID
17
Days Posted
Description
5050 74th Street N,
#1,
St. Petersburg,
FL
33709
#1, St. Petersburg, FL 33709
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.
This is an Active listing.
Broker Office Phone Number: 877-366-2213
Copyright © 2024Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 877-366-2213
Copyright © 2024Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Waterfront
Price History
date | price | variance | type |
---|---|---|---|
9/11/2024 | $975,000 | - | Listed |
Listing By: LPT REALTY via Data Source: Stellar MLS
listing agent: Steven Sallo