3540 1st Avenue S, Saint Petersburg, FL 33711
Local realty services provided by:ERA Grizzard Real Estate
Listed by: zach steinberger
Office: compass florida llc.
MLS#:U8218053
Source:MFRMLS
Price summary
- Price:$650,000
About this home
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!
Contact an agent
Home facts
- Listing ID #:U8218053
- Added:811 day(s) ago
- Updated:January 08, 2026 at 01:00 PM
Structure and exterior
- Lot area:0.2 Acres
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public, Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$650,000
- Tax amount:$1,290 (2022)
New listings near 3540 1st Avenue S
- New
$899,999Active2 beds 3 baths1,593 sq. ft.233 8th Street N, ST PETERSBURG, FL 33701
MLS# TB8461699Listed by: FRIENDS REALTY LLC - New
$310,000Active2 beds 1 baths810 sq. ft.8020 25th Avenue N, ST PETERSBURG, FL 33710
MLS# TB8462141Listed by: MC HOMES REALTY INC - New
$1,550,000Active3 beds 2 baths1,715 sq. ft.4200 46th Avenue S, ST PETERSBURG, FL 33711
MLS# TB8459277Listed by: COASTAL PROPERTIES GROUP INTERNATIONAL - New
$289,900Active2 beds 1 baths842 sq. ft.5310 71st Way N, ST PETERSBURG, FL 33709
MLS# TB8461974Listed by: CHARLES RUTENBERG REALTY INC - New
$359,000Active2 beds 2 baths1,448 sq. ft.7127 Mount Piney Road Ne #718, ST PETERSBURG, FL 33702
MLS# TB8462093Listed by: BAREFOOT REALTY GROUP - New
Listed by ERA$374,500Active4 beds 2 baths1,540 sq. ft.4200 4th Avenue S, ST PETERSBURG, FL 33711
MLS# C7519818Listed by: ERA ADVANTAGE REALTY, INC. - New
$479,000Active3 beds 2 baths1,679 sq. ft.1735 Connecticut Avenue Ne, ST PETERSBURG, FL 33703
MLS# TB8462010Listed by: OAKSTRAND REALTY - New
$560,000Active4 beds 2 baths1,308 sq. ft.1043 7th Avenue N, ST PETERSBURG, FL 33705
MLS# TB8462029Listed by: EPIQUE REALTY, INC. - New
$259,900Active4 beds 2 baths1,575 sq. ft.2421 11th Street S, ST PETERSBURG, FL 33705
MLS# TB8458180Listed by: INVESTORS CHOICE REALTY - New
$750,000Active1 beds 2 baths1,007 sq. ft.175 1st Street S #510, ST PETERSBURG, FL 33701
MLS# TB8459452Listed by: MICHAEL SAUNDERS & COMPANY