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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.PROPERTY FEATURES
Utilities :
BB/HS Internet Available
Water Access :
0
Sewer :
Public Sewer
Exterior Features :
Lighting
Road Surface Type :
Asphalt
Roof :
Shingle
Zoning :
R-4
Heating :
Central
Cooling :
Central Air
Construction Materials :
Stucco
Interior Features :
Ceiling Fans(s)
Laundry Features :
None
PROPERTY DETAILS
Street Address: 5050 74TH STREET
City: Saint Petersburg
State: Florida
Postal Code: 33709
County: Pinellas
MLS Number: TB8303107
Year Built: 1980
Courtesy of LPT REALTY
City: Saint Petersburg
State: Florida
Postal Code: 33709
County: Pinellas
MLS Number: TB8303107
Year Built: 1980
Courtesy of LPT REALTY
Courtesy of PREMIER SOTHEBYS INTL REALTY
