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$975,000
9
beds
6
baths
3,409
sqft
Real Estate Professional
C.

Description

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.


Listed by Steven Sallo, .

Property Highlights

  • Waterfront: Canal Front
  • View: Water
  • Heating / Cooling: Central
  • Property Type: Single Family, Single Family Residence
  • MLS #: TB8302468

General Information

Area 33709 - St Pete/Kenneth City
Number of Lots 2
Property Subtype Residential
Property Type Single Family Residence
Subdivision Dist:lfpw Sec/twn/rng/mer:sec 06 Twn 31s Rng 16e P
Taxes $6,836
Utilities Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water Connected

Room Information

Flooring Tile
Full Baths 6
Laundry Inside, Laundry Room, Washer Hookup
Total Baths 6
Total Beds 9

Property Features

Additional Parcels Yes
Appliances Convection Oven, Refrigerator
Construction Materials Stucco
Cooling Central Air
Direction Faces East
Exterior Features Lighting, Other
Has View Yes
Heating Central
Interior Features Other
Interior Square Footage 3,409
Lot Size Acres 0.36
Lot Size Dimension 98x156
Lot Size Square Feet 15,494
Roof Shingle
Rooms 4
Sewer Public Sewer
Stories One
Water Source Public
Waterfront Yes
$975,000
9
beds
6
baths
3,409
sqft
Real Estate Professional
C.
Location
5050 74th Street N, Saint Petersburg, FL 33709 Driving Directions
Similar Listings
Central Pinellas County
Nearby Schools
Listed by Steven Sallo, Lpt Realty.

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