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Active Income

5050 74TH STREET 1

St Petersburg, FL 33709

STELLAR #TB8303107 Updated: May 1, 2026, 2:08pm
$975,000
9 Beds • 6 Baths • 3,409 SqFt
Property
ActiveIncome
1/24
$975,000

5050 74TH STREET 1

St Petersburg, FL 33709
9
Beds
6
Baths
3,409
SqFt
0.36
Acres
STELLAR
#TB8303107
Updated: May 1, 2026, 2:08pm

Property Description

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!!!
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Property Details

Highlights
Waterfront
Yes
Interior
Cooling
Central Air
Heating
Central
Interior Features
Ceiling Fan(s)
Living Area
3409
Construction
Building Area Units
Square Feet
Construction Materials
Stucco
Foundation Details
Block
Living Area Source
Public Records
Living Area Units
Square Feet
Number Of Units Total
6
Roof
Shingle
Year Built
1980
Site & Exterior
Exterior Features
LightingSidewalk
Flood Zone Code
AE
I D X Participation
Yes
Lot Size Acres
0.36
Lot Size Area
15494
Lot Size Dimensions
98 x 156
Lot Size Square Feet
15494
Lot Size Units
Square Feet
Number Of Lots
2
Public Survey Range
16
Public Survey Section
06
Road Surface Type
Asphalt
Sewer
Public Sewer
Total Acreage
1/4 to less than 1/2
Utilities
BB/HS Internet AvailableCable AvailableCable ConnectedElectricity AvailableElectricity ConnectedSewer ConnectedWater AvailableWater Connected
Water Source
Public
Water View
Yes
Waterfront
Yes
Waterfront Features
Canal - SaltwaterCanal Front
Zoning
R-4
Financials
Additional Parcels
Yes
Additional Parcels Description
247
Calculated List Price By Calculated Sq Ft
286.01
Contract Status Change Date
2024-09-12
Current Price
975000
Feed Types
BBO
Ownership
Fee Simple
Parcel Number
063116000002201700
Public Survey Township
31
Tax Annual Amount
6836.17
Tax Block
247
Tax Book Number
27-31
Tax Legal Description
PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB
Tax Lot
247
Tax Year
2023

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33709 - St Pete/Kenneth City
Subdivision Name
ST. PETE
Listing provided courtesy of STELLAR via IDX. Updated: May 1, 2026, 2:08pm.
Steven Sallo

Listing Agent

LPT REALTY

Call Agent
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