5050 74th St N, St Petersburg, Florida 33709
- $1,000,000
5050 74th St N, St Petersburg, Florida 33709
- $1,000,000
Description
6 Unit Multifamily Property, fully occupied cash generating investment property! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, Rent rates, 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.
Details
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Property ID U8242569
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Price $1,000,000
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Property Size 3734 Sqft
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Land Area 0.45 Acres
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Year Built 1980
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Property Type Multi-Family, Commercial Sale
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Property Status Expired
Additional details
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Listing Terms Cash, Conventional
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Cooling Central Air
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County Pinellas
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Property Type Commercial Sale
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Waterfront Canal - Saltwater
Address
Open on Google Maps-
Address: 5050 74TH N STREET
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City: St Petersburg
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State/county: FL
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Zip/Postal Code: 33709
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Country: US
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What's Nearby?
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- Restaurants
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Rain Japanese Sushi Bar & Thai (0.76 mi)