3540 1st Avenue S, Saint Petersburg, FL 33711
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
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!
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Home facts
- Listing ID #:U8218053
- Added:872 day(s) ago
- Updated:March 10, 2026 at 12:03 PM
Structure and exterior
- Lot area:0.2 Acres
- Levels:1 Story
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)
Features and amenities
- Amenities:Cable Available, Cable Connected, Electricity Available
- Pool features:Public Pool
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