Thank you
Zach Steinberger
COMPASS FLORIDA LLC
727-339-7902
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!
WaterSource: Public
Lot Dimensions: 80x110
Lot Square Feet: 8808
Lot Acres: 0.2
Lot Size (SqMt): 818
Property Type: Land
Original List Price: $700000
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
Cable Available, Cable Connected, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Sewer: Public Sewer
Water Source: Public
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.
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.
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.