3540 1st Ave S, photo 1
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Overview

0 baLand
TypeLand
HOANone listed
Lot8,808 sqft

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About this home

3540 1st Ave S is a home in West Central Ave Resub, St Petersburg. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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!

The essentials

On market
1089 days
Annual tax
$1,290
Flood zone
X · Low risk
Lot
8,808 sqft
Type
Land

At a glance

Payment

Est. monthly payment
$3,822/mo
Down payment (20%)
$130,000
Property taxes
$107/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
8,808 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
1089
Flood Zone X
Annual Tax (2022)
$1,290
Parcel #
22-31-16-96228-002-0050

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
West Central Ave Resub
County
Pinellas
MLS Area
33711 - St Pete/Gulfport
Lot Size
8,808 sqft

Price history

Date
Event
Price
11/1/2023
Price change
Source: Stellar MLS #U8218053
$650,000-7.1%
10/19/2023
Listed for sale
Source: Stellar MLS #U8218053
$700,000

Neighborhood

3540 1st Ave S
St Petersburg, FL, 33711 · 33711 - St Pete/Gulfport

Calculator

Est. monthly payment
$3,822/mo
Principal & interest$3,390
Property taxes$107
Insurance$325
Down payment20% · $130,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$650,000

Time on market

1089 days

Monthly payment

About $3,822/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,290 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Have another question?

Brokered byCOMPASS FLORIDA LLCListing agent: Zach SteinbergerListing data from Stellar MLS, MLS# U8218053.

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