Active

$975,000

Features:
  • 9 Bedrooms
  • 6 Bathrooms
  • 3409 sq ft
Overview
  • ID: MFRTB8302468
  • Bedrooms: 9
  • Bathrooms: 6
  • Size: 3409 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$975,000
HOA Fee:
N/A
Tax Amount:
$6836.17
Price per SqFt:
$286.01
Tax Legal Description:
PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB
Exterior Features
Lot Size:
15494
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
9
Bathrooms:
6
Heating:
Central
Cooling:
Central Air
Appliances:
Convection Oven, Refrigerator
Furnished:
No
Floor:
Tile
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1980
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Other
Additional Features 2:
N/A
Map
  • Address
    5050 74TH ST N
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 315,000
avt
Daniel Dourado
$ 895,000
avt
Daniel Dourado
$ 589,000
avt
Daniel Dourado
$ 249,999
avt
Daniel Dourado
$ 369,900
avt
Daniel Dourado
$ 849,999
avt
Daniel Dourado
$ 529,000
avt
Daniel Dourado
$ 259,900