3540 1st Ave S St Petersburg, FL 33711
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Shovel-ready six-unit multifamily property with customization options.
Type:Multifamily
Property size:
6,000 SF- Added:
- Sep 21, 2023
- Days on Market:
- 938
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 3540 1st Ave S
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing agent Zach Steinberger License #FL 3438328
Listing office Compass (941) 539-7253
Listing date Sep 21, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Compass
Overview
Permitted Multifamily Property in Tampa
This permitted and approved six-unit multifamily property is a pre-construction opportunity. The seller offers the option of selling them as two separate triplexes. Each of the six units has been planned to maximize space and functionality, ensuring comfort and convenience for future residents and tenants. The units offer a balance of privacy and open-concept living. The interiors feature high-end finishes, premium fixtures, and appliances, including hardwood flooring and designer lighting fixtures. The property is expected to operate as a 10% cap rate investment, with no capital expenditures required due to new construction. Customization options are available for floor plans and finishes. The builder is projecting a $1.2 million build for this multi-family property. Pre-construction financing is available. The property is located in St. Petersburg, Florida.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6814589
- Latitude
- 27.7715959
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FAQs
What type of property is this?
Apartment building - Shovel-ready six-unit multifamily property with customization options.
Where is this apartment building 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: New Construction: Brand new 6‑unit multifamily property, ensuring low insurance costs and minimal capital expenditures.; High Income Potential: Projected to operate as a 10% cap rate investment, generating immediate income.; Unique Asset Class: New construction 3 bed/2 bath floor plans not yet available in the market.
