5050 74TH STREET N St Petersburg, FL 33709
Multi-Family 5+ - ST PETERSBURG, FL
Property size:
3,409 SFLot size:
0.36 AcresPrice / SF:
$286/SF- Added:
- Sep 11, 2024
- Days on Market:
- 602
- Last Refresh:
- May 5 at 10:06 pm
Property Features for 5050 74TH STREET N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-4
- Bedrooms
- 9
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Ceiling Fans(s)
- Exterior features
- Lighting, Sidewalk
- Standard status
- Active
- APN
- 06-31-16-00000-220-1700
- Size
- 3,409 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 6836.17
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water front features
- Canal - Saltwater, Canal Front, Waterfront
- Water front
- 1
Building Details
- Year built
- 1980
- Number of units
- 6
- Building materials
- Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Steven Sallo License #3550258 (727) 260-2142
Listing office LPT REALTY 1400 South International Parkw, Lake Mary, FL (877) 366-2213
Listing date Sep 11, 2024
MLS# TB8303107
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
St. Pete Multi-Family Investment
This six-unit multi-family property in St. Petersburg, Florida, presents an investment opportunity with 135 feet of water frontage. The property features three two-bedroom, one-bath units, two studio units, and one one-bedroom, one-bath unit. All units are currently occupied, with tenants on month-to-month agreements. Current rents are $1,800 for each of the two-bedroom units, $1,200 for each of the studio units, and $1,150 for the one-bedroom unit, generating a total monthly income of $8,950 and an annual income of $107,400. The property has undergone recent remodeling and foundation repairs have been completed. Upgraded plumbing and electrical systems were installed 4 years ago, and the central air conditioning system is also 4 years old. The property spans 3,409 square feet on a 0.36-acre lot. The property is zoned R-4. Annual expenses include $4,128 for water and garbage pickup ($250 per month and $94 per month), $6,800 for taxes, and $4,103 for insurance, totaling $15,031 annually. The net annual profit is approximately $92,368. There is an opportunity to construct an income-producing laundry building onsite as an ADU-type building. The property did not sustain any damage from recent hurricanes.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.741431
- Latitude
- 27.817884
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit property with waterfrontage and income potential in St. Petersburg.
Where is this apartment building located?
The property is located at 5050 74TH STREET N St Petersburg, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 10% Cap Rate with potential to increase to 12‑15% through rent increases and adding laundry facilities.; **Waterfront property with 135 ft of frontage and an additional waterfront lot included.**; Fully occupied multi‑unit investment property generating $107,400 annual income.
