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!
This property is $215.1K more than the Median Sold Price in Saint Petersburg, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #U8218053
Listing Office:
Office Name: COMPASS FLORIDA LLC
Office Phone: (727) 339-7902
Listing Agent: Zach Steinberger
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 4/28/2024, 11:49:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 08, 2011
Nov 08, 2011Home Sold
$12,000
Sep 15, 2006
Sep 15, 2006Home Sold
$72,800
Jul 22, 2002
Jul 22, 2002Home Sold
$43,000
Feb 12, 2002
Feb 12, 2002Home Sold
$24,900
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$876
$72,233
2019
$776
$25,027
2018
$645
$22,752
2017
$609
$42,561
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Fairmount Park Elementary School
575 41st St S
Distance between this listing and this school0.61 miles
Public District Grades PK-5
Middle School
2
/10
Azalea Middle School
7855 22nd Ave N
Distance between this listing and this school4.29 miles
Public District Grades 6-8
High School
2
/10
Gibbs High School
850 34th St S
Distance between this listing and this school0.64 miles
Public Magnet Grades 9-12
Assigned Schools
2
/10
Fairmount Park Elementary School
575 41st St S
Distance between this listing and this school0.61 miles
Public District Grades PK-5
Nearby Schools
5
/10
Douglas L. Jamerson Jr. Elementary School
1200 37th St S
Distance between this listing and this school0.80 miles
Public Magnet Grades PK-5
2
/10
Mount Vernon Elementary School
4629 13th Ave N
Distance between this listing and this school1.41 miles
Public District Grades PK-5
Assigned Schools
2
/10
Azalea Middle School
7855 22nd Ave N
Distance between this listing and this school4.29 miles
Public District Grades 6-8
Nearby Schools
6
/10
Thurgood Marshall Fundamental
3901 22nd Ave S
Distance between this listing and this school1.42 miles
Public Magnet Grades 6-8
3
/10
John Hopkins Middle School
701 16th St S
Distance between this listing and this school1.63 miles
Public Magnet Grades 6-8
Assigned Schools
2
/10
Gibbs High School
850 34th St S
Distance between this listing and this school0.64 miles
Public Magnet Grades 9-12
Nearby Schools
5
/10
St. Petersburg High School
2501 5th Ave N
Distance between this listing and this school0.99 miles
Public Magnet Grades 9-12
3
/10
Boca Ciega High School
924 58th St S
Distance between this listing and this school1.84 miles
The neighbors living near this home have an average income of $64,935. The majority of Saint Petersburg, FL residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3540 1st Ave S
What is the listing price of this property?
The listing price of 3540 1st Ave S property is $650,000.
What type of property is this?
The property 3540 1st Ave S is land located in Saint Petersburg, Florida, 33711.
Is this property for sale now?
Active Listing: 3540 1st Ave S is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3540 1st Ave S are: Fairmount Park Elementary School: GreatSchools Rating 2/10Azalea Middle School: GreatSchools Rating 2/10Gibbs High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $876 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 8, 2011 for $12,000. (source: MLS/tax record).
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This home is located at 3540 1st Ave S in Saint Petersburg, FL and zip code 33711 in the Central Oak Park neighborhood. This home sits on a 0.20 acre lot. It has been listed on Rocket Homes since October 19, 2023 and is currently priced at $650,000.
While more than 51 listings in Saint Petersburg, FL in March 2024 were sold above asking price, there were more than 70 listings sold at asking price, and more than 323 were sold below. The number of homes for sale in Saint Petersburg, FL increased by 5.6% between February 2024 and March 2024. The median list price of listings available in March 2024 was $434,817, while the average time on the real estate market was 49 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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