5050 74Th St, Saint Petersburg, FL 33709
6 Unit Apartment Building | $1,000,000 ($166,667/Unit) | 7.27% Cap Rate | Saint Petersburg, FL 33709
For Sale
Active
Asking Price $1,000,000
- Property Type
-
Multifamily
- Square Feet
- 2,905 SF
Listing Contacts
Zach Olson
Property Overview
This 6-unit, fully occupied property has the potential to bring in nearly $10k a month, it has no rental restrictions and is just under 20 minutes to St. Pete beaches. Its diverse unit mix and no leasing restrictions makes it great for both short and long term rental. The expansive backyard leads out to a large canal that brings in plenty of "sea breeze" and even better views. Much can be done with it. The nearly 16k sq ft lot is 1/4 acre and has 9 parking spots for residents, who are all on loose, month-to-month contracts if you'd like to buy and fully vacate the property or increase rents to market value. The rental proforma has the potential to generate roughly $9,750 a month and can be emailed to you upon request. Just run your numbers and make us an offer. All offers will be presented to the seller.
Property Details
- Class
- C
- Year Built/Renovated
- 1980/2020
- Stories
- 1
- Lot Size (sq. ft)
- 19,602 SF
- Units
- 6
Highlights
- Fully Occupied
- Water Access
- 6 Unit Multifamily Property
Nearby Properties
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