5000 74th Street N, St Petersburg, FL 33709

$395,000
4
BD
1,680
SqFt
List Price
$395,000
Status
Active
Days on Market
55
Price Change
▼ $25,000 1658792460
MLS#
T3382659
Property Style
Duplex
Year Built
1980
Bedrooms
4
Living Area
1,680
Lot Size
14,096
Acres
0.32
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Acreage
MLS Area Major
St Pete/Kenneth City

Property Description

Investors looking for solid cash flow from day 1, here is your perfect opportunity! This St. Pete duplex features two, 2 bed 1 bath units and will be fully occupied as of July 1st, 2022, and operating at a 6.16% CAP rate. One unit is fully updated and leased at $1,450/month with $125 for utilities. The other, non-updated unit is leased at $1,400/month with $125 for utilities as well. Both are 12-month leases allowing you steady income and ease of investing. With market rents at $1,550/month, this is also a great value add opportunity for the new buyer. Pro-forma CAP rate would then increase to just under a 7% CAP. The property even sits on Saint Joes Creek, allowing no direct rear or side neighbors on one side & the opportunity to grab out that fishing pole! Both units share an additional storage and laundry room located between both units in the screened-in front porch/entryway. Given the poor nature of the stock and crypto markets right now, real estate (especially in a market like St. Petersburg) is the place to put your cash! Conveniently located to all that beautiful St. Pete has to offer; 13 minutes to the beaches, 20 minutes to Downtown St. Pete, and only 30 minutes to Downtown Tampa, and Tampa International Airport. Recent updates include: fresh exterior paint, Left Side unit (fresh interior paint, new laminate floors, granite counters, updated bathroom, and new fixtures) Right side unit (will have a fresh coat of interior paint prior to closing). PLEASE DO NOT DISTURB TENANTS. Click this link to view the offer memorandum: https://www.crexi.com/properties/846121/florida-5000-74th-street-n?offeringMemorandum=download Don’t delay and call today!

Additional Information

Taxes
$4736
Location
City Limits, In County, Near Public Transit, Paved
Community Features
No Deed Restriction
Zoning
R-4
Interior Layout
Ninguno, Open Floorplan, Solid Surface Counters, Stone Counters
Interior Features
Ninguno, Open Floorplan, Solid Surface Counters, Stone Counters
Appliances
Cooktop, Dryer, Range, Refrigerator, Washer
Utilities
Electricity Connected, Sewer Connected, Water Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block, Stucco
Exterior Features
Fence, Lighting, Other
Roof
Shingle
Foundation
Slab
Pool
No Pool
Elementary School
Seventy-Fourth St. Elem-Pn
Middle School
Azalea Middle-Pn
Water View
Canal, Creek
Water Access
Canal - Brackish, Canal - Freshwater, Creek
Water Frontage
Canal - Brackish, Canal - Freshwater, Creek
Flood Zone Code
AE
Parcel ID
06-31-16-00000-220-1800
Legal Description
PART OF SEC 06-31-16 DESC BEG SE COR OF NW 1/4 OF NW 1/4 TH N89D40'16"W 78.61FT TH CUR RT ARC 171.88FT RAD 1198.57FT CB N21D05'30"W 171.73FT TH S89D45'10"E 142.63FT TH S00D47'45"W 160.08FT LESS E 15FT FOR RD R/W & LESS N 32.2FT

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of MCBRIDE KELLY & ASSOCIATES.

StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on