Courtesy of: Steven Sallo, LPT REALTY, Deetsrealty@gmail.com
Courtesy of: Steven Sallo, LPT REALTY, Deetsrealty@gmail.com
$975,000
|
9 bed
|
|
6.00 Bath (6 Full)
|
|
Lot: 0.36 Acres
|
|
Single Family Residence
|
$975,000
5050 74TH STREET N 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.
Courtesy of: Steven Sallo, LPT REALTY, Deetsrealty@gmail.com
Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.