FOR SALE
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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 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!
Home Highlights
Parking
No Info
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
No Info
Listed
13 days ago
Home Details for 3540 1st Ave S #5
Interior Features |
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Appliances & Utilities Utilities: Cable Available, Cable Connected, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected |
View No View |
Exterior Features |
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Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Days on Market |
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Days on Market: 13 |
Property Information |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Parcel Number: 223116962280020050 |
Price & Status |
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Price List Price: $650,000 |
Active Status |
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MLS Status: Active |
Media |
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Location |
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Direction & Address City: St PetersburgCommunity: West Central Ave Resub |
Agent Information |
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Listing Agent Listing ID: U8218053 |
HOA |
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Association for this Listing: Pinellas SuncoastHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 8808 sqft |
Listing Info |
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Special Conditions: None |
Compensation |
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Buyer Agency Commission: 2.5%-$395Buyer Agency Commission Type: See Remarks:Transaction Broker Commission: 0%Transaction Broker Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Business Information Ownership: Fee Simple |
Miscellaneous |
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Mls Number: U8218053 |
Last check for updates: about 13 hours ago
Listing Provided by: Zach Steinberger, (941) 539-7253
COMPASS FLORIDA LLC, (727) 339-7902
Originating MLS: Pinellas Suncoast
Source: Stellar MLS / MFRMLS, MLS#U8218053
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
Price History for 3540 1st Ave S #5
| Date | Price | Event | Source |
|---|---|---|---|
| 04/16/2024 | $650,000 | Listed For Sale | Stellar MLS / MFRMLS #U8218053 |
| 04/01/2024 | ListingRemoved | Stellar MLS / MFRMLS #U8218053 | |
| 11/01/2023 | $650,000 | PriceChange | Stellar MLS / MFRMLS #U8218053 |
| 10/19/2023 | $700,000 | Listed For Sale | Stellar MLS / MFRMLS #U8218053 |
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Comparable Sales for 3540 1st Ave S #5
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.60 | Lot/Land | $225,000 | 11/16/23 | - | - | ||
0.63 | Lot/Land | $299,000 | 06/15/23 | - | - | ||
0.57 | Lot/Land | $170,000 | 03/14/24 | - | - | ||
0.83 | Lot/Land | $580,000 | 01/12/24 | - | - | ||
0.66 | Lot/Land | $150,000 | 11/06/23 | - | - | ||
0.67 | Lot/Land | $115,000 | 05/28/23 | - | - | ||
0.86 | Lot/Land | $370,000 | 04/19/24 | - | - | ||
0.84 | Lot/Land | $370,000 | 10/26/23 | - | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Central Oak Park
- Savvy240
- Resident
- 4mo ago
"Nice neighbors and easy access to beach, downtown and the surrounding areas. It’s very walkable and quiet, with lots of trees. "
- Trulia User
- Prev. Resident
- 11mo ago
"city bus and also riding my bike as much as possible just long as it is safe to travel on these congested roads in this area "
- Trulia User
- Resident
- 2y ago
"Over crowded, everyone in a rush, there's always a crash and fairly large amount of the homeless population. "
- Tracy S.
- Resident
- 3y ago
"Community food table with veggies and fruits. Neighborhood groups send updates. Friendly neighbors that have dinners and happy hours"
- Dawndeena H.
- Resident
- 4y ago
"People pick up after their dogs. There’s not a lot of excessive dog barking. Nice place to walk your dog and not a huge amount of traffic. "
- Gertivila
- Resident
- 4y ago
"great location. 5 minutes from downtown, 10 minutes from St. Pete beach. 5 minutes from Tyrone Mall "
- Jason B.
- Resident
- 4y ago
"Convenient to the beach and interstate. No flood zones but poor schools. Nice neighbors. It is typically very quiet but have had issues with car break-ins. "
- Melissa S
- Prev. Resident
- 5y ago
"Car broken into too many times to count. The neighbors are great, but the transients are bad. Hookers & junkies. "
- Fiver5r
- Resident
- 5y ago
"It’s a very dog friendly area! Neighbors are great, too, about posting on the neighborhood’s webpage quickly if anyone’s dog gets out and is seen or found in the neighborhood."
- missumikey@yahoo.com
- Resident
- 5y ago
"we all exchanged cookies at Christmas and all the dogs got together and played it was fun there is always a bad apple in the bunch"
- Darrelnmaggie
- Resident
- 5y ago
"actually the nieghnrs here are very nice and we exchanged cookies at Christmas everyone just kind of minds their own business pretty much.its very quiet especially at night"
- Janiptt60
- Resident
- 5y ago
"Neighborhood watchers, organized get together, neighbors helping each other. Having a community board that shows concern for improving living within our community."
- Jmahomond
- Resident
- 5y ago
"Lots of families with young kids moving in. Lots of stroller walking and people walking their dogs. Neighborhood is changing. Not walking distance to stores. "
- Kelly B.
- Resident
- 5y ago
"Most homeowners show care in their home ownership. It’s quiet and comfortable. Lake, church and nice neighbors"
- Amy p.
- Resident
- 5y ago
"Local Elementary school, lots of pets and kids outside. Friendly people. No controlling neighborhood association. Located within the wonderful city of St. Petersburg! Our neighborhood is in the middle between downtown to the east and the beaches to the west! 10-15 minutes for both! Amazing location!"
- Researcherjoejoe
- Resident
- 5y ago
"lived in this area since 2011. Neighbors are friendly and no drama. most of the neighbors have lived here for a very long time. Oh and there are coyotes in the neighborhood. Yes I said coyotes. haven't heard that they have caused any problem. Other than that great neighborhood to live in "
- Bridget_remington
- Resident
- 5y ago
"This is a quiet, friendly neighborhood. Most homeowners have lived here many, many years and take pride in their homes and the neighborhood. In the mornings and evenings, people are out walking their dogs or exercising. Many of the streets have oak-lined medians. I have not experienced the issues with crime or trash the poster from 4 years ago described, and I have lived here for 12 years."
- Glenn R.
- 10y ago
"Lots of burglaries , car thefts , prostitutes hanging out one block away. Forget about keeping your yard looking nice. I used to pick up the trash that was thrown by passing cars daily until I gave up. Have had stolen cars abandoned twice in the alley directly behind my house , car broken into at 10am in the morning , all my neighbors have home break ins . Transients roam the alley constantly. Look elsewhere. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Zach Steinberger, COMPASS FLORIDA LLC
3540 1st Ave S #5, Saint Petersburg, FL 33711 is a lot/land. 3540 1st Ave S #5 is located in Central Oak Park, Saint Petersburg. This property is currently available for sale and was listed by Stellar MLS / MFRMLS on Apr 16, 2024. The MLS # for this home is MLS# U8218053.