$975,000

5050 74th St N Unit 1 Saint Petersburg, FL 33709

Parkside Villas Neighborhood

Estimated payment $5,872/month

Total Views 4,980
9 Beds
6 Baths
3,409 Sq Ft
$286 Price per Sq Ft

Highlights

  • 0.36 Acre Lot
  • No HOA
  • Ceiling Fan
  • Canal View
  • Central Heating and Cooling System
  • Property fronts a saltwater canal

About This Home

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!!!

Listing Agent

Steven Sallo

LPT REALTY, LLC Brokerage Phone: 877-366-2213 License #3550258 Listed on: 09/12/2024

LPT REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,836

Year Built

  • Built in 1980

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 98x156
  • Property fronts a saltwater canal
  • Additional Parcels

Parking

  • 9 Parking Garage Spaces

Home Design

  • Block Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,409 Sq Ft Home
  • Ceiling Fan
  • Canal Views

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 247 / 247
  • Assessor Parcel Number 06-31-16-00000-220-1700

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • St. Pete Subdivision

Building Details

  • Operating Expense $15,031
  • Gross Income $87,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,836

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 3409
  • Lot Size Acres: 0.36
  • New Construction: No
  • Year Built: 1980
  • Lot Size Sq Ft: 15494
  • Number Of Lots: 2
  • Directions to Property: I-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.
  • Status: Active
  • Street Post Direction: N
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 524162049
  • RATIO Current Price By Calculate: 286.01
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_NumAssignedParkingSpaces: 9
  • Attribution Contact: 877-366-2213
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Foundation Details: Block
  • Total Bedrooms: 9
  • Street Number Modifier: 5050
  • Living Area Meters: 316.71

Exterior Features

  • Exterior Features: Lighting, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R-4
  • Parcel Number: 06-31-16-00000-220-1700
  • Additional Parcels Description: 247
  • Additional Parcels: Yes
  • Lot Dimensions: 98x156
  • Flood Zone Code: AE
  • Lot Size Square Meters: 1439

Green Features

  • Green Verification Count: 0

Multi Family

  • Gross Income: 87720
  • Number Of Units Total: 6
  • Waterfront Features: Canal - Saltwater, Canal Front
  • Total Num Buildings: 2
  • Unit Count: 1
  • Est Annual Market Income: 100000.00

Tax Info

  • Tax Annual Amount: 6836.17
  • Tax Block: 247
  • Tax Book Number: 27-31
  • Tax Lot: 247

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 For Sale $975,000 0.0% $286 / Sq Ft
02/24/2025 02/24/25 Off Market $975,000 -- --
02/24/2025 02/24/25 Pending -- -- --
01/21/2025 01/21/25 For Sale $975,000 0.0% $286 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $975,000 -- $286 / Sq Ft
Source: Stellar MLS

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Source: Stellar MLS

MLS Number: TB8303107

Stellar MLS
Florida Pinellas County Saint Petersburg 33709 Parkside Villas

5050 74th St N Unit 1, Saint Petersburg, FL

This home is located at 5050 74th St N Unit 1, Saint Petersburg, FL 33709 and is currently priced at $975,000, approximately $286 per square foot. This property was built in 1980. 5050 74th St N Unit 1 is a home located in Pinellas County with nearby schools including Seventy-Fourth St. Elementary School, Azalea Middle School, and Hollins High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes
Steven Sallo
Listing Agent
Steven Sallo
Section Image
LPT REALTY, LLC
(727) 260-2142