Presented By: COMPASS FLORIDA LLC with 727-339-7902. - 727-339-7902
MLS# U8218053
10/19/2023
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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!
Presented By: COMPASS FLORIDA LLC with 727-339-7902. - 727-339-7902
Interior Features for 3540 1ST AVENUE S
Bathrooms
Total Baths
Other Interior Features
Street SuffixAVENUE
General for 3540 1ST AVENUE S
Additional Parcels Y/NNo
Building Area Unitssquare feet
Cityst petersburg
Countypinellas
Current Useunimproved
Directionsfrom 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.
Flood Zone Codex
Flood Zone Code XY
HOANo
Legal Descriptionwest central ave resub blk 2, lot 5
Living Area Unitssquare feet
Lot Size Square Feet8808
Lot Size Unitssquare feet
MLS Area33711 - st pete/gulfport
ModificationTimestamp2025-03-17t12:10:38.823z
Ownershipfee simple
Property Typeland
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namewest central ave resub
Tax Annual Amount1289.54
Tax Lot5
Tax Year2022
Utilitiescable available, cable connected, electricity available, public, sewer available, sewer connected, water available, water connected
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