Property Description
1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! ADDITIONAL WATERFRONT LOT INCLUDED!!! 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 135Ft OF WATER FRONTAGE!!!! Fully occupied cash generating investment property and all tenants are on MONTH TO MONTH AGREEMENTS!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,800, $1,800, $1,800, $1,200, $1,200 $1,150 Total: $8,950 per month and $107,400 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $92,368!!! 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. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!
Features
- Heating System:
- Central
- Cooling System:
- Central Air
- Exterior Features:
- Lighting, Sidewalk
- Interior Features:
- Ceiling Fans(s)
- Laundry Features:
- None
- Sewer:
- Public Sewer
- Utilities:
- Cable Available, Electricity Available, Water Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected, BB/HS Internet Available
- Waterfront Features:
- Canal - Saltwater, Canal Front
Address Map
- Country:
- US
- State:
- FL
- County:
- Pinellas
- City:
- St Petersburg
- Subdivision:
- ST. PETE
- Zipcode:
- 33709
- Street:
- 74TH
- Street Number:
- 5050
- Street Suffix:
- STREET
- Longitude:
- W83° 15' 30.8''
- Latitude:
- N27° 49' 4.4''
- Directions:
- I-275 EXIT AT 54TH AVE. N. HEAD WEST TO 71ST. N. TURN LEFT, GO TO 50TH AVE. TURN RIGHT, AT END OF STREET TURN RIGHT ONTO 74TH ST. TO ADDRESS.
- Mls Area Major:
- 33709 - St Pete/Kenneth City
- Street Dir Suffix:
- N
- Unit Number:
- 1
- Zoning:
- R-4
Additional Information
- Lot Size Dimensions:
- 98x156
- Water Source:
- Public
- Virtual Tour:
- https://www.propertypanorama.com/instaview/stellar/TB8303107
- On Market Date:
- 2024-09-12
- Number Of Units Total:
- 6
- Foundation Details:
- Block
- Construction Materials:
- Stucco
Financial
- Tax Annual Amount:
- 6836.17
Listing Information
- List Agent Mls Id:
- 260053540
- List Office Mls Id:
- 261016803
- Listing Term:
- Cash,Conventional,FHA,Owner Financing,VA Loan
- Mls Status:
- Active
- Modification Timestamp:
- 2026-01-08T13:34:08Z
- Originating System Name:
- Stellar
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2026-01-08T13:33:52Z
Residential Income For Sale
5050 74th St N #1, Saint Petersburg, Florida 33709
9 Bedrooms
6 Bathrooms
3,409 Sqft
$975,000
Listing ID #TB8303107
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- TB8303107
- Price :
- $975,000
- Bedrooms :
- 9
- Bathrooms :
- 6
- Square Footage :
- 3,409 Sqft
- Year Built :
- 1980
- Lot Area :
- 0.36 Acre
- Property Sub Type :
- Multi Family
- Roof:
- Shingle
- Waterfront Yn :
- 1
