Ad #5396892
MLS #TB8303107
1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10%
5050 74TH ST N 1, St. Petersburg, FL 33709
$975,000
9Beds
--Baths
3,409Sqft
0.36Acres
About this property
1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! 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!!!
Property Features
9 Beds
0 Baths
3,409 Sqft
Built in 1980
0.36 Acres
On Beachfront
Siding: Stucco
Shingle Roof
Central
$6,836 / yr property tax
Pinellas County
ST PETE Community
Additional Photos
Contact Information
Steven Sallo
LPT Realty, LLC.
727-260-2142
Location
Listing Agent: Steven Sallo (License #: 3550258) 727-260-2142
Broker: LPT Realty, LLC. 877-366-2213 Listing Site
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.
Broker: LPT Realty, LLC. 877-366-2213 Listing Site
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.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$975,000
9
Beds
--
Baths
3,409
Sqft
5050 74TH ST N 1, St. Petersburg, FL 33709
By contacting this agent you agree to these Terms and Conditions.
MLS# TB8303107
1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10%
$975,000
5050 74TH ST N 1, St. Petersburg, FL 33709
9
Beds
--
Baths
3,409
Sqft
0.36
Acres
$975,000
5050 74TH ST N 1, St. Petersburg, FL 33709
9 Beds
-- Baths
3,409 Sqft
0.36 Acres
1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! 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!!!
687 days
on BeachHouse.com
136
views
0
saves
Property Details
HOME DETAILS
9 Beds
0 Baths
3,409 Sqft
Built in 1980
0.36 Acres
BEACH & VIEW
On Beachfront
EXTERIOR
Siding: Stucco
Shingle Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
$6,836 / yr property tax
Pinellas County
ST PETE Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
5396892
Viewed
136 times
Listing Status
Active
Added
Sep 23, 2024
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Stellar MLS
Source Property ID
TB8303107
Listing Agent: Steven Sallo (License #: 3550258) 727-260-2142
Broker: LPT Realty, LLC. 877-366-2213 Listing Site
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.
Broker: LPT Realty, LLC. 877-366-2213 Listing Site
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.
Request Information
Start advertising today
Explore options for real estate agents and homeowners advertising on BeachHouse.com
Sell Your Home
Explore Similar Properties
