Century 21 Jim White & Assoc.
Demetria Z. (Deme) Brown, Century 21 Jim White & Assoc.Phone: (714) 296-4136
Email: [email protected]
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listing
1 of 16
Residential IncomeFor Sale
$975,000
5050 74th Street N 1
Saint Petersburg, FL 33709
Listed by: Lpt Realty, (727) 260-2142
MLS: Stellar MLS
0Beds
3,409Sq Ft
Est. Mortgage
$5,133/mo

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.

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