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Angie Gooden

LPT Realty, LLC

agoodenrealtor@gmail.com +1(843) 576-9551

$ 975,000

Est. payment | -/mo

9 Beds

6 Baths

3,409 SqFt

Save Virtual Tour

$ 975,000

Est. payment | -/mo

Save Virtual Tour

9 Beds

6 Baths

3,409 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 3,409 sqft

Price per Sqft $286

Subdivision St. Pete

MLS Listing ID TB8303107

Bedrooms 9

HOA Y/N No

Year Built 1980

Annual Tax Amount $6,836

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 98x156

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! 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!!!

Location

State FL

County Pinellas

Community St. Pete

Area 33709 - St Pete/Kenneth City

Zoning R-4

Direction N

Interior

Interior Features Ceiling Fans(s)

Heating Central

Cooling Central Air

Fireplace false

Laundry None

Exterior

Exterior Feature Lighting, Sidewalk

Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected

Waterfront Description Canal - Saltwater,Canal Front

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 Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

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

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

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8303107

Listed by Steven Sallo LPT REALTY

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My daughter and I decided to move to Summerville, SC from Kansas last year. We flew out to SC for a few days to look around and at this time, I didn't have a realtor yet. By chance, we stopped at an open house and met Angie!!! She was so nice and easy to talk with, almost like we had known each other for years! The next month, we flew back out and Angie had the day lined up with showings. She was great on pointing out the positives/negatives of each house. She wanted us to feel comfortable about our new home. Angie was extremely helpful with our long distance move. She was always available to answer any questions. We definitely made the right decision on Angie being our realtor!!! DeeAnna

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Angie Gooden

Agent

+1(843) 576-9551 | agoodenrealtor@gmail.com

5050 74TH ST N #1 St Petersburg, FL 33709

Angie Gooden

Key Details

Location

Interior

Exterior

Building

Others

5050 74TH ST N #1

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