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3540 1ST AVENUE S
ST PETERSBURG FL 33711 US

$650,000

Active Listing ID U8218053
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Lot: 0.20 Acres
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Other

$650,000

Active Listing ID U8218053
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3540 1ST AVENUE S 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!

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Property Features

  • Facts
  • Lot Size: 0.20 Acres
  • Property Type: Land
  • Property Sub-type: Other

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 650000
  • unparsedaddress: 3540 1ST AVENUE S
  • postalcity: ST PETERSBURG
  • stateorprovince: FL
  • country: US
  • postalcode: 33711
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2
  • lotsizeunits: Acres
  • lotsizearea: 0.2
  • livingareaunits: Square Feet
  • latitude: 27.769756
  • longitude: -82.681529
  • listagentfullname: Zach Steinberger
  • listagentemail: zach.steinberger@compass.com
  • listagentkey: 3yd-MFRMLSFL-260047075
  • listagentmlsid: 260047075
  • listagentpreferredphone: 9415397253
  • listagentofficephone: 7273397902
  • listofficekey: 3yd-MFRMLSFL-260033445
  • listofficemlsid: 260033445
  • disclaimer: Copyright © 2024 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.
  • sourcesystemid: MFRMLSFL
  • listingcontractdate: 2023-10-19
  • listagenturl: http://www.zachsteinberger.com
  • countyorparish: Pinellas
  • parcelnumber: 22-31-16-96228-002-0050
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.681529, 27.769756
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3540-1st-Ave-S_St-Petersburg_FL_33711_M58138-39705?f=listhub&s=MFRMLSFL&m=U8218053&c=rexren", "LeadRoutingEmail":"zach.steinberger@compass.com", "BrokerName":"Compass", "ListingTitle":"Land - ST PETERSBURG, FL", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"BrokerFL@Compass.com", "ListOfficeAddress1":"200 Central Ave", "ListOfficeAddress2":null, "ListOfficeCity":"St Petersburg", "ListOfficePostalCode":"33701", "ListOfficeStateOrProvince":"FL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":"(551) 404-5204", "ListBrokerageEmail":"Bernard@Compass.com", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"605 Lincoln Road", "ListBrokerageUnitNumber":"7th Floor", "ListBrokerageCity":"FL", "ListBrokerageStateOrProvince":"FL", "ListBrokeragePostalCode":"33139", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-16T13:09:10Z", "Taxes":[{"TaxYear":"2022", "TaxAnnualAmount":1289.54, "TaxDescription":null}]}
Listing Changed: 4/16/2024 6:48:02 PM GMT
Source Updated Date: 4/29/2024 6:53:03 AM GMT

Courtesy of: Zach Steinberger, COMPASS FLORIDA LLC, zach.steinberger@compass.com

Copyright © 2024 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.

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