Contact Julie Ann Ludovico
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3540 1st Avenue S3540 1st Avenue S Listing photo id 0 for 3540 1st Avenue S Listing photo id 1 for 3540 1st Avenue S Listing photo id 2 for 3540 1st Avenue S Listing photo id 3 for 3540 1st Avenue S Listing photo id 4 for 3540 1st Avenue S Listing photo id 5 for 3540 1st Avenue S
  • MLS#: U8218053 ( Residential )
  • Street Address: 3540 1st Avenue S
  • Viewed: 154
  • Price: $650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Garage / Parking Spaces: 3
  • Days On Market: 872
  • Additional Information
  • Geolocation: 27.7698 / -82.6815
  • County: PINELLAS
  • City: ST PETERSBURG
  • Zipcode: 33711
  • Subdivision: West Central Ave Resub
  • Provided by: ADNORAM REALTY CORP.
  • Contact: JAY GARICK (DR)
  • 407-661-1996
  • mfrmls
  • DMCA Notice
  • 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
Appliances
  1. Dishwasher
  2. Disposal
  3. Microwave
  4. Range
Home Owners Association Fee
  1. 0.00
Builder Model
  1. Harmony A4
Builder Name
  1. Maronda Homes
Carport Spaces
  1. 0.00
Close Date
  1. 2016-10-28
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Carpet
  2. Tile
Garage Spaces
  1. 3.00
Heating
  1. Central
  2. Electric
  3. Heat Pump
Insurance Expense
  1. 0.00
Interior Features
  1. High Ceilings
  2. Solid Surface Counters
  3. Walk-In Closet(s)
Legal Description
  1. PALM COAST SEC 35 BL 42 LOT 11
Living Area
  1. 2427.00
Area Major
  1. 32137 - Palm Coast
Net Operating Income
  1. 0.00
New Construction Yes / No
  1. Yes
Occupant Type
  1. Vacant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 07-11-31-7035-00420-011
Possession
  1. Close of Escrow
Property Condition
  1. New Construction
  2. Under Construction
Property Type
  1. Residential
Road Frontage Type
  1. None
Roof
  1. Shingle
Style
  1. Contemporary
Tax Year
  1. 2015
Utilities
  1. Water Connected
Views
  1. 154
Water Source
  1. Public
Year Built
  1. 2016
Zoning Code
  1. SFR-3