5050 74th Street North, Unit 1
$975,000
—
3,409
3,409
$286
Pending
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.
- Listed by Steven Sallo • LPT REALTY
Property Details for 5050 74th Street North, Unit 1
Subdivision Name
ST. PETE
Township31
WaterfrontYes
Water ViewCanal
LISTING UPDATED: 11/26/2024 05:55 PM
Property Details for 5050 74th Street North, Unit 1
Status | Pending |
---|---|
MLS # | TB8303107 |
Days on Market | 75 |
Taxes | $6,836 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi-Family |
Year Built | 1980 |
Lot Size | 0.36 AC / 15,494 SF |
County | Pinellas 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
Property History for 5050 74th Street North, Unit 1
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.