Shovel Ready Multifamily
For Sale
$650,000
3540 1ST AVENUE S, St Petersburg, FL 33711
Permitted six-unit multifamily property in St. Petersburg, Florida.
Property SizeContact for details
Lot Size0.20 Acres
Days on Market1055
Property Features for 3540 1ST AVENUE S
General Information
Standard status
Active
Lot size
0.20 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$1,290
Amenities
Pool
Public Pool
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
ZACH STEINBERGER · License #3438328
(941) 539-7253
Source:
Corcoran
Added: Oct 19, 2023
Changed: Sep 5
Last Checked: Sep 6 at 9:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,936
Businesses Nearby
Explore this area
Business Placement
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 AVENUE 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.
