3540 1st Avenue S, Saint Petersburg, FL 33711
Local realty services provided by:ERA Advantage Realty, Inc.
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:715 day(s) ago
- Updated:October 04, 2025 at 11:42 AM
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
- Open Sun, 10am to 1pmNew$3,375,000Active4 beds 5 baths5,200 sq. ft.
730 W Alda Way Ne, ST PETERSBURG, FL 33704
MLS# TB8433695Listed by: COMPASS FLORIDA LLC - New$429,000Active2 beds 2 baths890 sq. ft.
6177 Sun Boulevard #203, ST PETERSBURG, FL 33715
MLS# TB8433439Listed by: COMPASS REAL ESTATE AND RENTAL - New$49,000Active1 beds 1 baths600 sq. ft.
8792 44th Avenue N #149, ST PETERSBURG, FL 33709
MLS# TB8432826Listed by: COLDWELL BANKER REALTY - New$164,900Active2 beds 2 baths1,035 sq. ft.
4920 Locust Street Ne #203, ST PETERSBURG, FL 33703
MLS# TB8432867Listed by: CHARLES RUTENBERG REALTY INC - New$549,000Active2 beds 2 baths1,128 sq. ft.
100 4th Avenue S #223, ST PETERSBURG, FL 33701
MLS# TB8432007Listed by: LUXURY & BEACH REALTY INC - New$869,000Active3 beds 3 baths2,554 sq. ft.
1030 11th Avenue S, ST PETERSBURG, FL 33705
MLS# TB8433304Listed by: EXP REALTY LLC - New$450,000Active2 beds 2 baths1,218 sq. ft.
6251 2nd Avenue S, ST PETERSBURG, FL 33707
MLS# TB8434525Listed by: LPT REALTY, LLC - New$999,900Active2 beds 2 baths1,822 sq. ft.
4971 Bacopa Lane S #403, ST PETERSBURG, FL 33715
MLS# TB8433347Listed by: COMPASS FLORIDA LLC - New$850,000Active4 beds 3 baths3,248 sq. ft.
820 50th Avenue S, ST PETERSBURG, FL 33705
MLS# TB8432473Listed by: KELLER WILLIAMS ST PETE REALTY - New$99,900Active1 beds 1 baths610 sq. ft.
5925 Terrace Park Drive N #106, ST PETERSBURG, FL 33709
MLS# TB8432627Listed by: COLDWELL BANKER REALTY