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3540 1St Ave S St Petersburg, FL 33711

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For Sale
$650,000

Permitted six-unit multifamily property in St. Petersburg, Florida.

Lot size:
0.20 Acres

Property Features for 3540 1St Ave S

General Information

Standard status
Active
Lot size
0.20 Acres

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Listing Contact
Zach Steinberger
Zach Steinberger
Source: Corcoran

Listing Agency: COMPASS FLORIDA LLC Listing Agent: Zach Steinberger

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Shovel Ready Multifamily Investment

This permitted and approved six-unit multifamily property is a new construction opportunity in Tampa Bay. The seller offers the option to sell as two separate triplexes. These new construction three-bedroom, two-bath floor plans are designed for investors seeking an income-producing asset. Each of the six units is planned to maximize space and functionality, ensuring comfort and convenience for residents and tenants. The units feature a flow between living areas, bedrooms, and kitchens, balancing privacy and open-concept living. The interiors include high-end finishes, premium fixtures, and appliances, with hardwood flooring and designer lighting fixtures. The property is projected to operate as a 10% cap rate investment, with no capital expenditures required due to its new construction status. Customization options are available, allowing for personalized floor plans and finishes. The builder projects a $1.2 million build for this property. Pre-construction financing is available.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
St Petersburg
County
Pinellas
State
Florida
Longitude
-82.6814589
Latitude
27.7715959

FAQs

What type of property is this?
Triplex - Permitted six-unit multifamily property in St. Petersburg, Florida.
Where is this triplex located?
The property is located at 3540 1St Ave S St Petersburg, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: - Permitted, approved, and shovel-ready 6-unit multifamily property, offering immediate development potential.; - Option to purchase as two separate triplexes.; - Brand new construction with low insurance costs and no anticipated capital expenditures.
More about this property
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