• 3540 1st Avenue Saint Petersburg, FL 33711

  • $650,000
  • 8,808
    Sq Ft
  • 0.2
    Acre
  • Listed By: COMPASS FLORIDA LLC
  • Source: MFRMLS (My Florida Regional MLS DBA Stellar MLS)

This permitted, approved, and shovel ready 6 unit multifamily property is the best opportunity in Tampa Bay! Brand new construction so insurance and capital expenditures will be very low. Seller is also offering the option of selling them as TWO SEPARATE TRIPLEXES! This is a whole new asset class of new construction 3 bed/2 bath floor plans that are not yet available in the market! A dream come true for any savvy investor seeking an exceptional income-producing asset. This property offers a unique chance to capitalize on the thriving real estate market and secure a solid investment for years to come. Each of the 6 units have been thoughtfully planned to maximize space and functionality, ensuring optimal comfort and convenience for future residents and tenants. With a seamless flow between living areas, bedrooms, and kitchens, these units offer an ideal balance of privacy and open concept living. The interiors are a perfect blend of style and substance, featuring high-end finishes, premium fixtures, and top-of-the-line appliances. From the elegant hardwood flooring to the designer lighting fixtures, every detail has been carefully curated to create an atmosphere of sophistication and refinement. As an investor, you'll be thrilled to know that this property is expected to operate as a 10% cap rate investment, with no capital expenditures required since it will be brand new construction. This means you can start generating income from day one without worrying about additional expenses. What's more, you have the opportunity to customize this property to your exact specifications. Floor plans, finishes, and every detail can still be decided on with the builder, allowing you to create a truly unique and personalized investment property. The builder is projecting a $1.2 million build for this exceptional multi-family property, ensuring a solid investment with a promising return on investment. Investors seeking a property with outstanding income potential need look no further. Don't miss out on this chance to be part of the thriving St Petersburg real estate market. Act now and seize the opportunity to own one of the best investment properties in all of Tampa Bay! Reach out today to discuss customization options and secure your place in this lucrative venture. Pre-construction financing also available!

Property Type :

Land

Subdivision :

West Central Ave Resub

County :

Pinellas

Style :

Land

Property Details

 

Water Source

WaterSource: Public

Lot Information

Lot Dimensions: 80x110

Lot Square Feet: 8808

Lot Acres: 0.2

Lot Size (SqMt): 818

Property Information

Property Type: Land

Listing Price Information

Original List Price: $700000

Tax Information

Tax Block: 2

Tax Book Number: 4-1

Tax Lot: 5

Tax Legal Description: WEST CENTRAL AVE RESUB BLK 2, LOT 5

Annual Tax: $1289.54

Tax Year: 2022

Parcel Number: 22-31-16-96228-002-0050

Utility Information

Cable Available, Cable Connected, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected

Sewer: Public Sewer

Water Source: Public

Location Information

Subdivision: WEST CENTRAL AVE RESUB

City: ST PETERSBURG

Direction: From I275-S get off on 5th Ave N and turn left on 36th st N, turn left on 1st Ave S, house is on the right.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
44 Bayview Court #A, Saint Petersburg, FL,33711 $4,700,000 4 5 3,820 0.16 Acre
22 Franklin Court #C, Saint Petersburg, FL,33711 $1,299,000 3 2 2,334 0.07 Acre
4650 14th Avenue, Saint Petersburg, FL,33711 $499,000 3 2 1,468 0.14 Acre
4625 Dolphin Cay Lane, Saint Petersburg, FL,33711 $2,300,000 4 4 4,037 0.21 Acre
3565 41st Terrace #232, Saint Petersburg, FL,33711 $200,000 2 2 1,075 5.03 Acres
1615 39th Street, Saint Petersburg, FL,33711 $289,000 3 1 1,218 0.17 Acre
4801 Osprey Drive #302, Saint Petersburg, FL,33711 $740,000 2 2 1,785 --
3629 28th Avenue, Saint Petersburg, FL,33711 $349,500 3 1 1,181 0.19 Acre
3947 35th Way #131, Saint Petersburg, FL,33711 $220,000 4 2 1,750 --
7100 Sunshine Skyway La.., Saint Petersburg, FL,33711 $375,000 2 2 1,290 2.24 Acres

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Based on information submitted to the MLS GRID as of 05/03/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 05/03/2024 @ 18:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


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ByOwner last updated this listing 05/03/2024 @ 18:20

MLS: MFRMLS #U8218053
LISTED BY: Zach Steinberger, COMPASS FLORIDA LLC
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2.5%-$395
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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