5050 74th Street N 1
Brokerage Office: 863-676-0200
5050 74th Street N 1, ST PETERSBURG, FL 33709



- MLS#: TB8303107 ( Residential Income )
- Street Address: 5050 74th Street N 1
- Viewed: 68
- Price: $975,000
- Price sqft: $0
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Canal - Saltwater,Canal Front
- Year Built: 1980
- Bldg sqft: 0
- Days On Market: 268
- Additional Information
- Geolocation: 27.8179 / -82.7414
- County: PINELLAS
- City: ST PETERSBURG
- Zipcode: 33709
- Subdivision: St. Pete
- Provided by: LPT REALTY
- Contact: Steven Sallo
- 877-366-2213
- DMCA Notice
-
Description10% cap rate!!! Foundation repairs completed!!! 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 Location and Similar Properties
Property Features
Waterfront Description
- Canal - Saltwater
- Canal Front
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Lighting
- Sidewalk
Garage Spaces
- 0.00
Heating
- Central
Insurance Expense
- 0.00
Interior Features
- Ceiling Fans(s)
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
Living Area
- 3409.00
Area Major
- 33709 - St Pete/Kenneth City
Net Operating Income
- 0.00
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 06-31-16-00000-220-1700
Property Type
- Residential Income
Roof
- Shingle
Sewer
- Public Sewer
Tax Year
- 2023
Township
- 31
Utilities
- BB/HS Internet Available
- Cable Available
- Cable Connected
- Electricity Available
- Electricity Connected
- Sewer Connected
- Water Available
- Water Connected
Views
- 68
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/TB8303107
Water Source
- Public
Year Built
- 1980
Zoning Code
- R-4

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- 863.676.0200
- dolores@legacyrealestatecenter.com