5050 74th Street North
$975,000
9
6
3,409
3,409
$286
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...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.
- Listed by Steven Sallo • LPT REALTY
Property Details for 5050 74th Street North
Subdivision Name
DIST:LFPW SEC/TWN/RNG/MER:SEC 06 TWN 31S RNG 16E P
Township31
ViewWater
WaterfrontYes
LISTING UPDATED: 10/15/2024 07:16 PM
Property Details for 5050 74th Street North
Status | Active |
---|---|
MLS # | TB8302468 |
Days on Market | 67 |
Taxes | $6,836 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1980 |
Lot Size | 0.36 AC / 15,494 SF |
County | Pinellas County |
Building Information for 5050 74th Street North
Stories1Year Built1980Building Size-Lot Size0.36 AC / 15,494 SF
Property Information for 5050 74th Street North
Property History for 5050 74th Street North
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5050 74th Street North
Taxable ValueLand-Additions-Total-
Tax Record2023$6,836 ($570 / month)
Home Facts
Baths4Total Finished SqFt2,905 SqFtAbove Grade Finished SqFt2,905 SqFtStories1Lot Size15,494 SqFtStyleQuadraplexYear Built1980Year Renovated1988CountyPINELLASAPN06-31-16-00000-220-1700
Schools near 5050 74th Street North
This home is within Pinellas.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Seventy-Fourth St. Elementary School PublicPK to 5 | ||
Azalea Middle School Public6 to 8 | ||
Dixie M. Hollins High School Public9 to 12 | ||
Plato Academy Of St.Petersburg CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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