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3540 1st Ave, St Petersburg, FL 33711
3540 1st Ave, St Petersburg, FL 33711 3D Tour
3540 1st Ave, St Petersburg, FL 33711 Explore 3D Tour
3540 1st Ave, St Petersburg, FL 33711
3540 1st Ave, St Petersburg, FL 33711
3540 1st Ave, St Petersburg, FL 33711
3540 1st Ave, St Petersburg, FL 33711

3540 1st Ave St Petersburg, FL 33711

$650,000

ACTIVE
Beds
Baths
0
Sqft
Acres
0.2
Year
Days on Site
149
Property Type
Land
Sub Type
Per Square Foot
$650,000
Date Listed
Oct 19, 2023

Description of 3540 1st Ave, St Petersburg, FL 33711

Listing details for 3540 1st Ave, St Petersburg, FL 33711 : 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 Updated : 05-20-2026 at 1:41 AM EDT
Listing Provided By : Zach Steinberger, 727-339-7902, COMPASS FLORIDA LLC
Source :

Stellar MLS as distributed by MLS GRID, MLS#: MFRU8218053

Property History

DateEventPrice
10/19/2023
Listed for sale
$700,000 +41076.5%
Source:Stellar MLS #MFRU8218053
8/8/2023
Leased
$1,700 0%
Source:Stellar MLS #MFRU8209278
8/3/2023
Listed for Rent
$1,700
Source:Stellar MLS #MFRU8209278
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Based on information submitted to the MLS GRID as of 2026-05-20. 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

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.