5050 74th Street North, Unit 1

St. Petersburg, FL 33709

$975,000
Price
—
Beds
3,409 Sq. Ft.
$286 / Sq. Ft.
3,409
Sq. Ft.
$286
per Sq. Ft.

Description

Under contract-accepting backup offers. 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...Under contract-accepting backup offers. 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.
  1. Listed by Steven Sallo • LPT REALTY

Property Details for 5050 74th Street North, Unit 1

Subdivision Name
ST. PETE
Township
31
Waterfront
Yes
Water View
Canal
LISTING UPDATED: 11/26/2024 05:55 PM

Property Details for 5050 74th Street North, Unit 1

StatusPending
MLS #TB8303107
Days on Market75
Taxes$6,836 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1980
Lot Size0.36 AC / 15,494 SF
CountyPinellas County

Building Information for 5050 74th Street North, Unit 1

Stories-Residences6Year Built1980Building Size-Lot Size0.36 AC / 15,494 SF

Property Information for 5050 74th Street North, Unit 1

Summary
Location and General Information
  • Building Area Units: Square Feet
  • 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 Major Change Type: Pending
  • Major Change Type: Pending
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 5050
  • Street Name: 74TH
  • Street Suffix: STREET
  • Street Direction Suffix: N
  • Unit Number: 1
  • State: FL
  • City: SAINT PETERSBURG
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 247
  • Tax Book Number: 27-31
  • Tax Legal Description: PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB
  • Tax Lot: 247
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 247
  • Additional Parcels: Yes
  • Lot Size Dimensions: 98x156
  • Parcel Number: 06-31-16-00000-220-1700
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: R-4
  • Living Area: 3409
  • Lot Dimensions: 98x156
Property and Assessments
  • Year Built Numeric: 1980
  • Flood Zone Code: AE
  • New Construction: No
  • Number Of Lots: 2
  • Public Survey Range: 16
  • Public Survey Section: 06
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Exterior Features: Lighting, Sidewalk
  • Foundation Details: Block
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Features: Canal - Saltwater, Canal Front
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central
  • Interior Features: Ceiling Fans(s)
  • Laundry Features: None
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: Yes
Multi Family
Multi-Family Information
  • Annual Expenses: $15,031
  • Annual Net Income: $72,689.00
  • Est Annual Market Income: $100,000.00
  • Gross Income: $87,720
  • Unit Count: 1
Unit 1
  • Unit Type Baths Total 1: 6
  • Unit Type Beds Total 1: 9
  • Unit Type Type 1: Apartments

Property History for 5050 74th Street North, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5050 74th Street North, Unit 1

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of LPT REALTY, Steven Sallo

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/26/2024 05:55 PM