#TB8393285, Tatyana Myers, Listing office: EXP REALTY LLC
$975,000 List price
5050 74th St N Unit 1 Saint Petersburg, FL 33709
0 beds
3,409 sqft
0.4 acres
$286 / sqft
Multi-Family
Property details
About 5050 74th St N Unit 1
10% 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!!!
Highlights
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCentral Air
Size3,409 sqft
Lot size0.36 Acres
Year built1980
MLS #TB8303107
WaterfrontCanal
Virtual tour
Summary
- Interior: Ceiling Fans(s)
- Private Pool: No
- Waterfront: Canal
- Exterior: Lighting, Sidewalk
- Heating: Central
- Cooling: Central Air
- List Price: $975,000
- Price/SqFt: $286
- HOA Amount: $0
- Directions: I-275 EXIT AT 54TH AVE. N. HEAD WEST TO 71ST. N. TURN LEFT, GO TO 50TH AVE. TURN RIGHT, AT END OF STREET TURN RIGHT ONTO 74TH ST. TO ADDRESS.
- Year Built: 1980
- Living Area: 3,409 SqFt
- Lot Size: 0.36 Acres
- MLS Number: TB8303107
- MLS Name: MFRMLS
- Office Name: LPT REALTY
- Office Phone: (877) 366-2213
- Listing Agent: Steven Sallo
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Price information
Property sales
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Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
7
Seventy - Fourth St. Elementary
Public District PK-5
0.7 mi
•3801 74th St N
4
Blanton Elementary
Public District PK-5
1.0 mi
•6400 54th Ave N
7
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. Residents of Saint Petersburg, FL typically earn less than $<35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
52%
<35k
44%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
60%
Single, No Kids
11%
Single, with Kids
22%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
5%
12-17 yrs old
14%
18-34 yrs old
49%
35-64 yrs old
23%
65+ yrs old
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
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5050 74th St N Unit 1
The listing price of 5050 74th St N Unit 1 property is $975,000.
The property 5050 74th St N Unit 1 is a multi located in Saint Petersburg, Florida, 33709.
Active Listing: 5050 74th St N Unit 1 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5050 74th St N Unit 1 are: Seventy - Fourth St. Elementary (GreatSchools Rating 7/10), Blanton Elementary (GreatSchools Rating 4/10), Marjorie Kinnan Rawlings Elementary (GreatSchools Rating 7/10), Plato Academy of St.Petersburg (GreatSchools Rating 7/10), Pinellas Park Middle School (GreatSchools Rating 4/10), Azalea Middle School (GreatSchools Rating 2/10), Dixie Hollins High School (GreatSchools Rating 4/10), Pinellas Secondary School (GreatSchools Rating 1/10), St. Petersburg Collegiate High School (GreatSchools Rating 10/10).
The property 5050 74th St N Unit 1 is 3,409 SqFt (source: MLS/tax record).
The year of construction for 5050 74th St N Unit 1 is 1980.
This home is located at 5050 74th St N Unit 1 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: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $975,000.
From Rocket Homes Real Estate and based on county public records data.