Steven Sallo
This listing was posted on RealtyWW.
$975,000
Th St N Apt,saint Petersburg, Home For Sale
Price:
$975,000
BR/BA:
9 BR, 6 BA
Location:
5050 74th St N Apt 1, Saint Petersburg, FL
Description:
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.For more details: https://realtyww.info/homes_saint-petersburg-d523366/for-sale_i75909106
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More About this Listing: Th St N Apt,saint Petersburg, Home For Sale
Th St N Apt,saint Petersburg, Home For Sale is a 9 Bedroom 6.5 Bath Condos for Sale at 5050 74th St N Apt 1 in Saint Petersburg FL. Find other listings like Th St N Apt,saint Petersburg, Home For Sale and listings near 5050 74th St N Apt 1 by searching Oodle Classifieds for 9 Bedroom 6.5 Bath Condos for Sale in Saint Petersburg FL.
Th St N Apt,saint Petersburg, Home For Sale is a 9 Bedroom 6.5 Bath Condos for Sale at 5050 74th St N Apt 1 in Saint Petersburg FL. Find other listings like Th St N Apt,saint Petersburg, Home For Sale and listings near 5050 74th St N Apt 1 by searching Oodle Classifieds for 9 Bedroom 6.5 Bath Condos for Sale in Saint Petersburg FL.