3540 1st Ave S Saint Petersburg, FL 33711
Central Oak Park NeighborhoodEstimated payment $3,622/month
About This Lot
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 Agent
COMPASS FLORIDA LLC Brokerage Phone: 727-339-7902 License #3438328 Listed on: 10/19/2023
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,290
Lot Details
- 8,808 Sq Ft Lot
- Lot Dimensions are 80x110
Utilities
- Cable TV Available
Community Details
- West Central Ave Resub Subdivision
Listing and Financial Details
- Legal Lot and Block 5 / 2
- Assessor Parcel Number 22-31-16-96228-002-0050
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,045 | $243,388 | $97,585 | $145,803 |
| 2023 | $5,045 | $254,049 | $125,206 | $128,843 |
| 2022 | $1,290 | $137,665 | $99,219 | $38,446 |
| 2021 | $1,047 | $95,167 | $0 | $0 |
| 2020 | $876 | $72,233 | $0 | $0 |
| 2019 | $776 | $61,002 | $30,653 | $30,349 |
| 2018 | $646 | $45,301 | $0 | $0 |
| 2017 | $609 | $42,561 | $0 | $0 |
| 2016 | $503 | $30,149 | $0 | $0 |
| 2015 | $457 | $25,736 | $0 | $0 |
| 2014 | $356 | $15,541 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2024 04/16/24 | For Sale | $650,000 | 0.0% | -- |
| 03/31/2024 03/31/24 | Off Market | $650,000 | -- | -- |
| 11/01/2023 11/01/23 | Price Changed | $650,000 | -7.1% | -- |
| 10/19/2023 10/19/23 | For Sale | $700,000 | 0.0% | -- |
| 08/08/2023 08/08/23 | Rented | $1,700 | 0.0% | -- |
| 08/05/2023 08/05/23 | Under Contract | -- | -- | -- |
| 08/03/2023 08/03/23 | For Rent | $1,700 | 0.0% | -- |
| 05/11/2022 05/11/22 | Sold | $295,000 | -6.3% | $345 / Sq Ft |
| 03/23/2022 03/23/22 | Pending | -- | -- | -- |
| 03/21/2022 03/21/22 | For Sale | $315,000 | 0.0% | $369 / Sq Ft |
| 02/13/2022 02/13/22 | Pending | -- | -- | -- |
| 01/25/2022 01/25/22 | For Sale | $315,000 | -- | $369 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | Somers Title | |
| Warranty Deed | $295,000 | Somers Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $12,000 | None Available | |
| Special Warranty Deed | $72,800 | Attorney | |
| Trustee Deed | $56,000 | Attorney | |
| Warranty Deed | $43,000 | -- | |
| Warranty Deed | $24,900 | -- | |
| Quit Claim Deed | $12,200 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $352,000 | Construction | |
| Previous Owner | $221,250 | New Conventional | |
| Previous Owner | $108,000 | Unknown | |
| Previous Owner | $6,000 | Unknown | |
| Previous Owner | $80,000 | New Conventional | |
| Previous Owner | $57,850 | New Conventional |
Source: Stellar MLS
MLS Number: U8218053
APN: 22-31-16-96228-002-0050
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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