3540 1st Avenue S
St. Petersburg, FL 33711
- – beds
- – baths
- – sqft
- 8,808 sqft lot
- – on site
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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Last updated Oct 20, 2024
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MLS# U8218053 —
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
Location
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Directions: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.
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Latitude:27.769756
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Longitude:-82.681529
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Coordinates:-82.681529, 27.769756
The Property
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Parcel Number:223116962280020050
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Property Type:Land
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Lot Size Acres:0.2
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Lot Size Area:8808
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Lot Size SqFt:8808
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Lot Size Dimensions:80 x 110
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Current Use:Unimproved
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View:false
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Water Source:Public
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Road Surface Type:Asphalt
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Flood Zone Code:X
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Additional Parcels:false
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Price Per Acre:3250000
Listing Agent
- Contact info:
- Agent phone:
- (941) 539-7253
- Office phone:
- (727) 339-7902
Taxes
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Tax Year:2022
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Tax Lot:5
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Tax Block:2
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Tax Legal Description:WEST CENTRAL AVE RESUB BLK 2, LOT 5
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Tax Book Number:4-1
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Tax Annual Amount:1289.54
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/U8218053
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Special Listing Conditions:None
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
The Community
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Subdivision Name:WEST CENTRAL AVE RESUB
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Water View:false
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Water Access:false
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Waterfront:false
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Ownership:Fee Simple
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/1/23
Nov 1, 2023
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Price Changed | STELLAR_MLS | $650,000 | -7.1% |
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10/19/23
Oct 19, 2023
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Listed / Active | STELLAR_MLS | $700,000 | 59.1% |
|
9/15/23
Sep 15, 2023
|
Listed / Active | STELLAR_MLS |
