FL > St Petersburg > Kings Canyon
St Petersburg, FL 33709,5050 74TH ST N
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St Petersburg, FL 33709,5050 74TH ST N
St Petersburg, FL 33709,5050 74TH ST N
St Petersburg, FL 33709,5050 74TH ST N
St Petersburg, FL 33709,5050 74TH ST N
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Paul Sadusky

Paul Sadusky

+1(407) 550-4019
$ 975,000
Est. payment /mo
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5050 74TH ST N St Petersburg, FL 33709

2,905 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,905 sqft

Price per Sqft $335

Subdivision Kings Canyon

MLS Listing ID TB8375130

HOA Y/N No

Originating Board Stellar MLS

Year Built 1980

Annual Tax Amount $7,396

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions 98x156

Property Sub-Type Multi Family

Property Description

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!!!

Location

State FL

County Pinellas

Community Kings Canyon

Zoning R-4

Direction N

Interior

Interior Features Other

Heating Central

Cooling Central Air

Fireplace false

Laundry Washer Hookup

Exterior

Exterior Feature Other

Utilities Available BB/HS Internet Available, Cable Available, Electricity Available

View Y/N Yes

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Block

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Owner Financing, VA Loan

Membership Fee Required None

Listing Terms Cash, Conventional, FHA, Owner Financing, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8375130

Stellar MLS
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by LPT REALTY, LLC
agent

Paul Sadusky

Agent

+1(407) 550-4019

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5050 74TH ST N