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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.
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
|
-
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
-
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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Listing data comes from My Florida Regional MLS.