5050 74th St N #1, photo 1
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Overview

9 bd6 ba3,409 sqftMulti-family 5+
TypeMulti-family 5+
HOANone listed
Built1980
Lot15,494 sqft
Living area3,409 sqft
Price / sqft$286

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)LightingSidewalk

5050 74th St N #1 is a 1980-built home in St. Pete, St Petersburg. Inside you'll find 9 bedrooms, 6 bathrooms, and 3,409 square feet of living space. Listed at $975,000 (about $286/sqft), 759 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! 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!!!

The essentials

Built
1980
Price / sqft
$286
On market
759 days
Annual tax
$6,836
Flood zone
AE
Lot
15,494 sqft
Type
Multi-family 5+

At a glance

Multi-family
Built 1980
Waterfront
Canal - Saltwater
0.36 acres
Lot size
3,409 sqft
Living area

Payment

Est. monthly payment
$6,142/mo
Down payment (20%)
$195,000
Property taxes
$570/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Multi-Family 5+
Year Built
1980
Lot
15,494 sqft
Cooling
Central Air
Heating
Central
Parking
-
Waterfront
Canal - Saltwater, Canal Front
Days on Market
759
Ceiling Fans(s)
Lighting
Sidewalk
Flood Zone AE
Annual Tax (2023)
$6,836
Parcel #
06-31-16-00000-220-1700

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
St. Pete
County
Pinellas
MLS Area
33709 - St Pete/Kenneth City
Lot Size
15,494 sqft

Price history

Date
Event
Price
9/11/2024
Listed for sale
Source: Stellar MLS #TB8303107
$975,000
$286/sqft

Neighborhood

5050 74th St N #1
St Petersburg, FL, 33709 · 33709 - St Pete/Kenneth City

Market insights

Offer Insights

Choose an offer strength

List price: $975,000
$965,000 – $975,000
98.9% – 100% of listTops out right at the list price
80% of listList price
47 of the last 92 home closings in 33709 landed at this number or higher (51%). The median one sat 29 days before it went under contract, and this one is on day 759.

Sample: 92 closed home sales in 33709 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$6,142/mo
Principal & interest$5,085
Property taxes$570
Insurance$488
Down payment20% · $195,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$975,000

$286 per sq ft

Beds and baths

9 beds, 6 baths

Size

3,409 sq ft

Time on market

759 days

Year built

1980

Monthly payment

About $6,142/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $6,836 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byLPT REALTYListing agent: Steven SalloListing data from Stellar MLS, MLS# TB8303107.

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