$650,000
3540 1st Avenue
St Petersburg, FL 33711
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history776 days on market
- Status: ActiveApr 16, 2024
- Listed$700,000Oct 19, 2023
- Price reduced$650,000
Virtual Tour
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 776
- Subdivision
- West Central Ave Resub
- County
- Pinellas
- Price/sq ft
- $74
- Lot size
- 8,808 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X
- Annual taxes
- $1,290 (2022)
- Parcel #
- 22-31-16-96228-002-0050
- MLS #
- U8218053
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Cable Connected, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Listing Details
- Listing date
- 2023-10-19
- On market date
- 2023-10-19
- Original list price
- $700,000
- MLS area
- 33711 - St Pete/Gulfport
- Listing AOR
- Pinellas Suncoast
- Status changed
- 2024-04-16
- Tax legal description
- WEST CENTRAL AVE RESUB BLK 2, LOT 5
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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.
More homes like this
$129,400
3530 2nd Ave S
St Petersburg, FL 33711
0.11 acres
West Central Ave Resub
MLS# TB8483948
$299,000
225 35th St S
St Petersburg, FL 33711
3 bd · 1 ba · 1,029 sqft
West Central Ave Resub
MLS# TB8500163
$400,000
4300 Maple St Ne
St Petersburg, FL 33703
3 bd · 2 ba · 1,400 sqft
Snell Shores
MLS# TB8476217
$597,650
3911 16th Ave N
St Petersburg, FL 33713
3 bd · 2 ba · 1,759 sqft
Corsons Sub
MLS# TB8512565
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of December 19, 2025 at 6:32 PM ET. 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA