Address: 5050 74th Street N, Saint Petersburg, FL 33709
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.
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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Lighting, Other
Flooring: Tile
Living Area: 3409.00
Roof: Shingle
Garage and Parking
Garage Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Sewer: Public Sewer
Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Net Operating Income: 0.00
Tax Year: 2023
Other Features
Appliances: Convection Oven, Refrigerator
Country: US
Interior Features: Other
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
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.
