New Construction
Address
3540 1st AVENUE S, ST PETERSBURG, FL
Price
$ 650,000
Property Attributes
- MLS#U8218053
- TypeLand
- CountyPINELLAS
- CityST PETERSBURG
- AreaSt Pete-Gulfport
- NeighborhoodWest Central Ave Resub
- Zip33711
- Style
- Taxes$ 1289
- Price$ 650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.2 Acres
Data Source:
Stellar MLS
Property Description
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!
| Price History | |
|---|---|
| 10/19/2023 | Listed $700,000 |
| 11/1/2023 | 8% - $650,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Available,Cable Connected,Electricity Available,Public,Sewer Available,Sewer Connected,Water Available,Water Connected |
| Tax Year | 2022 |
| Current Use | Unimproved |
| Percent Ownership | Fee Simple |
| County | Pinellas |
| Property Type | Land |
| Subdivision Name | WEST CENTRAL AVE RESUB |
| Status | Active |
| 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. |
| ModificationTimestamp | 2024-04-16T17:09:06.320Z |
| City | ST PETERSBURG |
| Buyer Agent Compensation | 2.5%-$395 |
| View Y/N | No |
| MLS Area | 33711 - St Pete/Gulfport |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 8808 |
| Waterfront Y/N | No |
| Street Name | 1st |
| Tax Annual Amount | 1289.54 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8218053 |
| Days on Market | 164 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Tax Lot | 5 |
| Legal Description | WEST CENTRAL AVE RESUB BLK 2,LOT 5 |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | X |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 8808 |
| Lot Dimensions | 80 x 110 |
| Street Suffix | AVENUE |
| Lot Size Acres | 0.2 |
| Road Surface Type | Asphalt |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 33711
Price
Taxes
Visits
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 10, 2024 4:02 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
