3540 1ST AVENUE S, St Petersburg, FL 33711

Listing agent ZACH STEINBERGER License #3438328

Listing office COMPASS FLORIDA LLC z***@compass.com Show Phone

Listing date Oct 19, 2023

Source Corcoran

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Overview

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.

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

• Map
• Local Demand

City

St Petersburg

County

Pinellas

State

Florida

Longitude

-82.6815

Latitude

27.7716

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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 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.