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$975,000

  • For Sale
  • Active
  • Multi-Family
  • 6 Units
  • 0.36 Acres
  • Updated 10 days ago
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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!!!

Full Property Details for 5050 74th St N #1

General

  • Price: $975,000
  • Taxes: $6,836 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8303107
  • Updated: 1/8/2026
  • Added to Site: 493 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s)

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 9

Exterior

  • Exterior Features: Lighting, Sidewalk

Location

  • Area: 33709 - St Pete/Kenneth City
  • County: Pinellas
  • Development Name: 33709 - St Pete/Kenneth City
  • Subdivision: ST. PETE
  • Driving Directions: I-275 EXIT AT 54TH AVE. N. HEAD WEST TO 71ST. N. TURN LEFT, GO TO 50TH AVE. TURN RIGHT, AT END OF STREET TURN RIGHT ONTO 74TH ST. TO ADDRESS.

Community

  • Community Name: 33709 - St Pete/Kenneth City

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Cable TV Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected

Structural Information

  • # Buildings: 2
  • Exterior Const.: Stucco
  • Roof: Shingle
  • Square Feet: 3,409
  • Sq. Ft. Source: Public Records
  • Year Built: 1980

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Size (Sq. Ft.): 15,494
  • Lot Size: 15494
  • Lot Dimensions: 98 x 156
  • Street/Road Desc.: Asphalt

Water Features

  • Water Front: Yes
  • Water Front Desc.: Saltwater Canal, Canal Front

Financial Considerations

  • Tax Amount: $6,836.17
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB
  • Flood Zone Info: AE
  • APN: 63116000002201700
  • Property ID: 63116000002201700
  • Block/Lot/Section: 247

Listed by Lpt Realty

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— 5050 74th St N #1 —

  • Lpt Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 5050 74th St N #1

School District:Pinellas County School District
NameGradesDistance
Seventy-Fourth St. Elementary School
3801 74th St N, St. Petersburg, FL 33709
PK-50.7 mi
Azalea Middle School
7855 22nd Ave N, St. Petersburg, FL 33710
6-81.7 mi
Dixie M. Hollins High School
4940 62nd Street North, Kenneth City, FL 33709
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5050 74th St N #1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/12/2024
Listed
$975,000
214.52%
MLS
12/05/2018
Sold
$310,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5050 74th St N #1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,236
11%
$418,686
13%
2024
$7,396
8%
$371,821
12%
2023
$6,836
12%
$332,448
21%
2021
$6,105
-4%
$275,238
-11%
2022
$6,392
5%
$308,129
21%
2021
$6,105
90%
$253,702
85%
2019
$3,210
1%
$136,898
43%
2018
$3,194
13%
$95,578
-17%
2017
$2,821
19%
$114,862
18%
2016
$2,365
6%
$97,480
8%
2015
$2,229
8%
$90,132
9%
2014
$2,059
15%
$82,434
39%
2013
$1,790
—
$59,346
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Lpt Realty

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5050 74th Street N #1, Saint Petersburg, FL 33709 (MLS# TB8303107) is a Multi-Family property with 6 units containing 9 bedrooms and 0 full bathrooms. 5050 74th Street N #1 is currently listed for $975,000 and was received on September 12, 2024. Want to learn more about 5050 74th Street N #1? Do you have questions about finding other Multi-Family real estate for sale in Saint Petersburg? You can browse all Saint Petersburg real estate or contact a Coldwell Banker agent to request more information.

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