5050 74TH STREET N # 1, ST PETERSBURG, FL 33709

Description of 5050 74TH STREET N # 1, ST PETERSBURG, FL 33709

1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! 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!!!

Property Details for 5050 74TH STREET N # 1, ST PETERSBURG, FL 33709

Interior Features

Ceiling Fan(s)

Heating

Central

Cooling

Central Air

Pool Private

No

Building Information for 5050 74TH STREET N # 1, ST PETERSBURG, FL 33709

Building Area Units

Square Feet

Association

No

Property Information for 5050 74TH STREET N # 1, ST PETERSBURG, FL 33709

Lot Size Square Feet

15,494

Waterfront

Yes

Waterfront Features

Canal - Saltwater, Canal Front

View

No

Construction Materials

Stucco

Roof

Shingle

Exterior Features

Lighting, Sidewalk

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 5050 74TH STREET N # 1, ST PETERSBURG, FL 33709

Parcel Number

063116000002201700

Tax Annual Amount

$6,836

Tax Year

2023

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

Zoning

R-4

County Or Parish

Pinellas

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