photo 1: 3540 1ST AVENUE S, ST PETERSBURG FL 33711

Courtesy of COMPASS FLORIDA LLC 941-539-7253

Active

3540 1ST AVENUE S, ST PETERSBURG FL 33711

$650,000

Price

-

Beds

-

Baths

8,808

(Lot) Sq. Ft.

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!

Listing Type

Land

Property Type

Land

Built Year

--

Levels

--

Price/Sqft

--

Lot Size Acre

0.2

Status

Active

Days on Realoq

586

Living Area

-- Sq. Ft.

Lot Size Sqft

8,808 Sq. Ft.

Location

Agent

Zach Steinberger

Brokerage

COMPASS FLORIDA LLC

Source AOR

Pinellas

Listing ID #

U8218053

This content last updated on 05/27/2025 11:20 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Nearby homes for sale

IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of 05/27/2025 11:20 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing Information © 2025 Stellar MLS. All Rights Reserved.

MLS Search Powered by Home Junction.

Unlock Your Path to Financial Confidence
Get Pre-Approved Now

Today's Mortgage Rates - Florida