3540 1st Avenue South

St. Petersburg, FL 33711

$650,000
Price
8,808 / 0.20
Lot Size / Acres

Listed By Compass

Listed By Compass

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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...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 Agent

  1. Zach Steinberger

    Zach Steinberger

    Listing Agent

    Compass

    CallTextEmail

Property Details for 3540 1st Avenue South

Subdivision Name
WEST CENTRAL AVE RESUB
Township
31
Waterfront
No
LISTING UPDATED: 01/30/2025 06:46 PM

Property Details for 3540 1st Avenue South

StatusActive
MLS #U8218053
Days on Market482
Taxes$1,290 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.20 AC
CountyPinellas County

Building Information for 3540 1st Avenue South

Lot Size0.20 AC

Property Information for 3540 1st Avenue South

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From I275-S get off on 5th Ave N and turn left on 36th st N, turn left on 1st Ave S, house is on the right.
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Street Number: 3540
  • Street Name: 1st
  • Street Suffix: AVENUE
  • Street Direction Suffix: S
  • State: FL
  • City: ST PETERSBURG
Taxes and HOA Information
  • Tax Block: 2
  • Tax Book Number: 4-1
  • Tax Legal Description: WEST CENTRAL AVE RESUB BLK 2, LOT 5
  • Tax Lot: 5
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Current Use: Unimproved
  • Lot Size Dimensions: 80 x 110
  • Parcel Number: 223116962280020050
  • Total Acreage: 0 to less than 1/4
  • Water Access: No
  • Water Extras: No
  • Lot Dimensions: 80 x 110
Property and Assessments
  • Flood Zone Code: X
  • Public Survey Range: 16
  • Public Survey Section: 22
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Living Area Units: Square Feet
  • Water View: No

Property History for 3540 1st Avenue South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3540 1st Avenue South

Taxable ValueLand-Additions-Total-
Tax Record2024$4,750 ($396 / month)
Home Facts
Beds0Baths1Total Finished SqFt918 SqFtAbove Grade Finished SqFt918 SqFtStories1Lot Size4,404 SqFtStyleSingle Family ResidenceYear Built1945Year Renovated2000CountyPINELLASAPN22-31-16-96228-002-0050

Schools near 3540 1st Avenue South

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Fairmount Park Elementary School
Public - PK to 5
Azalea Middle School
Public - 6 to 8
Gibbs High School
Public - 9 to 12
Douglas L. Jamerson Junior Elementary School
Public - PK to 5
Rating
School
Distance
Fairmount Park Elementary School
PublicPK to 5

Azalea Middle School
Public6 to 8

Gibbs High School
Public9 to 12

Douglas L. Jamerson Junior Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3540 1st Avenue South, St. Petersburg, FL 33711

3540 1st Avenue South is a 0.20 ac of land for sale in St. Petersburg, FL 33711. This property was listed for sale on October 19, 2023 by Compass, it's currently listed at $650,000. It has been on the market for a total of 482 days and was last sold on July 31, 2023. This listing's school district is Pinellas. Nearby schools include Fairmount Park Elementary School, Azalea Middle School and Gibbs High School. 3540 1st Avenue South is a 0-bed, 0-bath, 0.20 ac of land on a 8,808 sq. ft. / 0.20 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 01/30/2025 06:46 PM