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!
Contact an agent
Home facts
- Listing ID #:U8218053
- Added:768 day(s) ago
- Updated:November 26, 2025 at 12:44 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
$224,900Active2 beds 2 baths1,140 sq. ft.7430 Sunshine Skyway Lane S #601, ST PETERSBURG, FL 33711
MLS# TB8451605Listed by: THE AMBROSIO GROUP
$625,000Pending-- beds -- baths2,796 sq. ft.535 Monterey Boulevard Ne, ST PETERSBURG, FL 33704
MLS# OM714225Listed by: HOOK & LADDER REALTY OF CENTRAL FLORIDA, LLC- New
$1,099,000Active4 beds 4 baths3,182 sq. ft.4555 26th Avenue S, ST PETERSBURG, FL 33711
MLS# TB8451465Listed by: REYNOLDS REALTY GULF COAST INC - New
$450,000Active3 beds 2 baths1,680 sq. ft.8301 Riverside Drive Ne, ST PETERSBURG, FL 33702
MLS# O6363359Listed by: BEYCOME OF FLORIDA LLC - New
$125,000Active2 beds 2 baths1,125 sq. ft.5501 80th Street N #406, ST PETERSBURG, FL 33709
MLS# TB8451437Listed by: LPT REALTY, LLC. - New
$299,999Active2 beds 2 baths1,000 sq. ft.5849 Park Street N #404, ST PETERSBURG, FL 33709
MLS# TB8451192Listed by: REALTY EXPERTS - New
$700,000Active3 beds 2 baths2,125 sq. ft.456 Rafael Boulevard Ne, ST PETERSBURG, FL 33704
MLS# TB8451567Listed by: CENTURY 21 LIST WITH BEGGINS - New
$715,000Active2 beds 2 baths870 sq. ft.12000 Gulf Boulevard #604N, ST PETERSBURG, FL 33706
MLS# TB8451156Listed by: COASTAL PROPERTIES GROUP - New
$4,950,000Active3 beds 3 baths5,100 sq. ft.288 Beach Drive Ne #PH-2A, ST PETERSBURG, FL 33701
MLS# TB8440149Listed by: SMITH & ASSOCIATES REAL ESTATE - New
$5,000Active2 beds 2 baths1,080 sq. ft.3701 45th Street N, St. Petersburg, FL 33710
MLS# 1062931Listed by: JAIME L BOONE LLC