ST PETERSBURG, FL 33709 5050 74TH STREET N #1

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Presented By: LPT REALTY with 877-366-2213. - 877-366-2213
  • MLS# TB8303107
  • 04/24/2025
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 3,409

Home Details

10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! ADDITIONAL WATERFRONT LOT INCLUDED!!! 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 135Ft OF WATER FRONTAGE!!!! Fully occupied cash generating investment property and all tenants are on MONTH TO MONTH AGREEMENTS!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,800, $1,800, $1,800, $1,200, $1,200 $1,150 Total: $8,950 per month and $107,400 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $92,368!!! 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. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!
Presented By: LPT REALTY with 877-366-2213. - 877-366-2213

Interior Features for 5050 74TH STREET N #1

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesceiling fan(s)
Laundry Featuresnone

General for 5050 74TH STREET N #1

Additional Parcels Description247
Additional Parcels Y/NYes
Building Area Unitssquare feet
Carport Y/NNo
Cityst petersburg
Construction Materialsstucco
Coolingcentral air
Countypinellas
Directionsi-275 exit at 54th ave. n. head west to 71st. n. turn left, go to 50th ave. turn right, at end of street turn right onto 74th st. to address.
Flood Zone Codeae
Garage Y/NNo
Gross Income87720
HOANo
Heatingcentral
Land Lease Y/NNo
Legal Descriptionpart 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.
Listing Termscash, conventional, fha, owner may carry, va loan
Living Area Unitssquare feet
Lot Size Square Feet15494
Lot Size Unitssquare feet
MLS Area33709 - st pete/kenneth city
ModificationTimestamp2025-07-07t23:49:43.060z
New ConstructionNo
Number Of Units Total6
Ownershipfee simple
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namest. pete
Tax Annual Amount6836.17
Tax Lot247
Tax Year2023
Unit Number1
Utilitiesbb/hs internet available, cable available, cable connected, electricity available, electricity connected, sewer connected, water available, water connected
Virtual TourClick here
Water Access Y/NNo
Water Viewcanal
Water View Y/NYes
Waterfront Featurescanal - saltwater, canal front
Year Built1980
Zoningr-4

Exterior for 5050 74TH STREET N #1

Exterior Amenitieslighting, sidewalk
Foundation Detailsblock
Lot Dimensions98 x 156
Lot Size Acres0.36
Lot Size Area15494
Number of Buildings2
Number of Lots2
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NYes

Additional Details

Price History

Steven Pugh

Broker Associate | Team Leader
Price $975,000
MLS#TB8303107
List Date 04/24/2025
Property Type Income
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