Active$749,000
3000 PONCE DE LEON WAY
ST PETERSBURG, FL 33712
3 beds3 baths2,190 sqft
1 / 24
Active · Multi-Family
5050 74TH STREET
ST PETERSBURG, FL 33709
Beds
9 beds
Baths
6 baths
Area
3,409 sqft
Multi-FamilyBuilt 198015,494 sqft lotCentralCentral Air$286/sqft705 days on market
About this home
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!!!
Facts & features
Interior
- Bedrooms
- 9
- Bathrooms
- 6
- Living area
- 3,409 sqft
- Heating
- Central
- Cooling
- Central Air
- Features
- Ceiling Fans(s)
Exterior & lot
- Lot size
- 15,494 sqft (0.36 ac)
- Waterfront
- Yes
- Roof
- Shingle
- Construction
- Stucco
- Exterior
- Lighting, Sidewalk
Financial
- Annual tax
- $6,836 (2023)
- Price / sqft
- $286/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected…
Property
- Property type
- Multi-Family
- Year built
- 1980
- Subdivision
- ST. PETE
- County
- Pinellas
Listing
- Status
- Active
- Days on market
- 581 days
- MLS #
- MFR736457083
- Source
- Stellar MLS
Listed by Steven Sallo · LPT REALTY
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
$962k
−1.3% vs asking
$904k low$1.02M high
Based on 22 comparable sales within 3 miles of ST PETERSBURG, FL, this home is priced in line with RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$5,700/mo
- Principal & interest
- $4,930/mo
- Property tax
- $570/mo
- Home insurance
- $200/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 11, 2024 | Listed | $975,000 | — |
NeighbourhoodSample data
Reference scores for ST PETERSBURG, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Walk Score
53/ 100
Somewhat walkable
Transit Score
32/ 100
Some transit
Bike Score
88/ 100
Very bikeable
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home
Location
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