Homes for sale - 3540 1ST AVE S, St Petersburg, FL 33711

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Rich Henderson

rich@myrealtorrich.com +1(630) 338-3792

$ 650,000

Est. payment | -/mo

8,712 Sqft Lot

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$ 650,000

Est. payment | -/mo

Save Virtual Tour

8,712 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved

Listing Status Active

Purchase Type For Sale

Subdivision West Central Ave Resub

MLS Listing ID U8218053

HOA Y/N No

Annual Tax Amount $1,289

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 80x110

Property Sub-Type Unimproved

Source Stellar MLS

Property Description

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!

Location

State FL

County Pinellas

Community West Central Ave Resub

Area 33711 - St Pete/Gulfport

Direction S

Exterior

Utilities Available Cable Available, Cable Connected, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected

Building

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/U8218053

Listed by COMPASS FLORIDA LLC

Learn More About LPT Realty

Rich Henderson

Sales Executive | License ID: SL3522272

rich@myrealtorrich.com

+1(630) 338-3792

3540 1ST AVE S St Petersburg, FL 33711

Rich Henderson

Key Details

Location

Exterior

Building

Others

Learn More About LPT Realty

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3540 1ST AVE S