Homes for sale - 5050 74TH ST N, Saint Petersburg, FL 33709

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Edward Gibbs

egibbs22@gmail.com +1(813) 785-4002

$ 975,000

Est. payment -/mo

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5050 74TH ST N Saint Petersburg, FL 33709

9 Beds

6 Baths

3,409 SqFt

UPDATED:

10/16/2024 03:17 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,409 sqft

Price per Sqft $286

Subdivision Dist:Lfpw Sec/Twn/Rng/Mer:Sec 06 Twn 31S Rng 16E P

MLS Listing ID TB8302468

Bedrooms 9

Full Baths 6

HOA Y/N No

Originating Board Stellar MLS

Year Built 1980

Annual Tax Amount $6,836

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 98x156

Property Description

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.

Location

State FL

County Pinellas

Community Dist:Lfpw Sec/Twn/Rng/Mer:Sec 06 Twn 31S Rng 16E P

Zoning R-4

Direction N

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Tile

Fireplace false

Appliance Convection Oven, Refrigerator

Laundry Inside, Laundry Room, Washer Hookup

Exterior

Exterior Feature Lighting, Other

Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water Connected

Waterfront true

Waterfront Description Canal - Saltwater

Water Access Yes

Water Access Desc Canal - Saltwater,Intracoastal Waterway

View Water

Roof Type Shingle

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Block

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Owner Financing, VA Loan

Listing Terms Cash, Conventional, FHA, Owner Financing, VA Loan

Special Listing Condition None

Listed by LPT REALTY

Edward Gibbs

Agent | License ID: 3499381

+1(813) 785-4002

Edward Gibbs

Edward Gibbs

5050 74TH ST N Saint Petersburg, FL 33709

Key Details

Location

Interior

Exterior

Building

Others

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