$10,000
closing credit¹
5050 74th St N Saint Petersburg, FL 33709
Property details
About 5050 74th St N
Foundation being repaired by end of February!!! 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.
Highlights
Virtual tour
Summary
- MLS Number: TB8302468
- MLS Name: MFRMLS
- Office Name: LPT REALTY
- Office Phone: (877) 366-2213
- Listing Agent: Steven Sallo
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Last updated on: 2/7/2025, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$975,000
5050 74th St N
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 12, 2018 | Home Sold | $310,000 |
| Jun 30, 2005 | Home Sold | $170,000 |
| Nov 12, 2003 | Home Sold | $155,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $332,448 | $6,836 |
| 2022 | $308,129 | $6,392 |
| 2021 | $275,238 | $6,392 |
| 2020 | $253,702 | $6,104 |
| 2019 | $136,898 | $3,210 |
| 2018 | $95,578 | $3,194 |
| 2017 | $114,862 | $2,820 |
History based on county public records data.
Nearby schools
3
Seventy - Fourth St. Elementary
Public District PK-5
0.7 mi
•3801 74th St N
5
Blanton Elementary
Public District PK-5
1.0 mi
•6400 54th Ave N
4
Marjorie Kinnan Rawlings Elementary
Public District PK-5
1.1 mi
•6505 68th St N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,794. Typical income of Saint Petersburg, FL residents is less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Figure Skating
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Chico's
Big Lots
Where do the neighbors go to eat?
White Castle
Bob Evans
Golden Corral
What do the neighbors drive?
Chevrolet
Oldsmobile
Kia
What do the neighbors listen to?
Rock
News
Adult Standards
Frequently asked questions
About 5050 74th St N
This home is located at 5050 74th St N in Saint Petersburg, FL and zip code 33709 in the West Lealman neighborhood. This 3,409 square foot home, which was built in 1980, sits on a 0.36 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $975,000.