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!
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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
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Listing courtesy of MCBRIDE KELLY & ASSOCIATES.
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