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3540 1st Avenue S
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PRICED AT ONLY: $650,000

Address: 3540 1st Avenue S, ST PETERSBURG, FL 33711

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!

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Virtual Tour
More Like This
  • MLS#: U8218053 ( Residential )
  • Street Address: 3540 1st Avenue S
  • Viewed: 163
  • Price: $650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Garage / Parking Spaces: 3
  • Days On Market: 883

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!
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Features
Building and Construction
  • Builder Model: Harmony A4
  • Builder Name: Maronda Homes
  • Covered Spaces: 0.00
  • Flooring: Carpet, Tile
  • Living Area: 2427.00
  • Roof: Shingle
Property Information
  • Property Condition: New Construction, Under Construction
Garage and Parking
  • Garage Spaces: 3.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Road Frontage Type: None
  • Utilities: Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2015
Other Features
  • Appliances: Dishwasher, Disposal, Microwave, Range
  • Country: US
  • Interior Features: High Ceilings, Solid Surface Counters, Walk-In Closet(s)
  • Legal Description: PALM COAST SEC 35 BL 42 LOT 11
  • Area Major: 32137 - Palm Coast
  • Occupant Type: Vacant
  • Parcel Number: 07-11-31-7035-00420-011
  • Possession: Close of Escrow
  • Style: Contemporary
  • Views: 163
  • Zoning Code: SFR-3
Nearby Subdivisions
Back Bay Manor   Back Bay Manor 3   Bayview   Bayview Terrace Roy Scotts   Bethwood Terrace   Bouwman Sub Rep   Broadwater   Broadwater Unit 1   Brunsondowell Sub 1   Brunsondowell Sub No. 1   Buttons F P   Childs Park   College Landings Rep   Dearmins Sub 4   Disston Terrace   Disstonia   Dolphin Cayphase 1   Estelle Manor   Fairmount Park   Forest Heights Rev   Halls Central Ave 3   Marina Bay Ph I & Ii   Maximo Moorings   Mcclays J O Sub   Meadowville   Midwayhomesite   Packards Sub   Palmway   Paradise Pointe   Perrys Skyview 1st Add   Perrys Skyview Sub   Richardsons W E   Ridgeway   Ridgewood Terrace   Salehs W B Resub   Schultz Rep Gus C   Shadow Lawn   South Shadow Lawn   St Petersburg Investment Cos A   Sutton W D   Victory Heights   Vinsetta Park Add Rev   Vinsetta Park Annex   West Central Ave   West Shadow Lawn  
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