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5050 74th St
For Sale $975,000 ($286.01 per Sq Ft)
$975,000 ($286.01 per Sq Ft)
- 6 Units
- 3,409 Sq Ft
- 15,494 Sq Ft
- Unknown Cap Rate
Description
1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 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!!!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $975,000 |
| Property Type | Multi-Family |
| Usable Sqft | 3,409 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1980 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 063116000002201700 |
| MLS # | TB8303107 |
| Property ID | 320844209 |
| Lot Sqft | 15,494 |
| Zoning | R-4 |
| Total Units | 6 |
| Days on Market | 526 |
| Original List Price | $975,000 |
| Date Updated | January 08, 2026 |
| Date Created | September 11, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Steven Sallo an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of January 08, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT