Property details

$975,000
MLS#: TB8302468
  • Bedrooms: 9
  • Baths: 6
  • Sq.Ft.: 3,409
  • Year Built: 1980
  • Subdivision: DIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P

5050 74TH STREET N, 33709

More information

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 Features

  • Lot Size: 15,494
  • County: Pinellas
  • Taxes: $6,836
Rooms Dimension Description
Primary Bathroom 14x12 First
Kitchen 14x12 First
Primary Bedroom 18x15 First
Living Room 18x14 First

Interior Features

  • Features - Other
  • Appliances - Convection Oven, Refrigerator
  • Heating - Central
  • AirConditioning - Central Air
  • FloorCovering - Tile
  • Utilities - BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water Connected

Exterior Features

  • Construction - Stucco
  • Features - Lighting , Other
  • Roof - Shingle
  • Foundation - Block
  • Water access : Canal - Saltwater, Intracoastal Waterway
    Water frontage : Canal - Saltwater

Birdseye view for 5050 74TH STREET N, FL 33709

Street view for 5050 74TH STREET N, FL 33709

Listing information courtesy of LPT REALTY


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