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

  • Property ID U8242569
  • Price $1,000,000
  • Property Size 3734 Sqft
  • Land Area 0.45 Acres
  • Year Built 1980
  • Property Type Multi-Family, Commercial Sale
  • Property Status Expired

Additional details

  • Listing Terms Cash, Conventional
  • Cooling Central Air
  • County Pinellas
  • Property Type Commercial Sale
  • Waterfront Canal - Saltwater
  • Address: 5050 74TH N STREET
  • City: St Petersburg
  • State/county: FL
  • Zip/Postal Code: 33709
  • Country: US

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