3353 4TH AVE S, ST PETERSBURG, FL, 33711
$1,925,000
Residential Income
|
Bedrooms
10
|
Bathrooms
9
|
Living Area
5,690 Sqft
|
Lot Size
8,838 Sqft
|
BRAND NEW CONSTRUCTION, FULLY LEASED, WITH AN OWNER-USER OPTION. Built in 2025, this concrete block corner property at 34th St S (US 19) and 4th Ave S offers 3 residences on one fee simple parcel: two 3BR/2.5BA townhomes (3365 and 3367 4th Ave S) and a detached 4BR/2.5BA single family home (3353 4th Ave S). Above each residence's garage is a separately leased Garage Suite with a private exterior entry, full bath, laundry and its own HVAC, producing 6 income streams and $182,892 of scheduled annual rent at 100% occupancy. LIVE IN ONE, LEASE THE REST: the 4BR detached home lease expires 12/31/2026, so an owner-occupant can move in and keep 5 income streams (about $139,000 per year) in place, and the 3 living units of record fit 2-4 unit residential financing. Investors and 1031 exchange buyers step into first generation roofs, HVAC, water heaters, appliances and finishes with no capital plan: quartz counters, shaker cabinetry, stainless appliances, luxury vinyl plank flooring, marble-look porcelain baths and dark matte fixtures. Leases are staggered into 2027 with 3 market rate and 3 housing authority assisted leases, and every lease carries a utility allowance that offsets owner-paid electric and water. In-place rents sit below new construction comparables nearby, leaving upside at renewal. Flood Zone X and non-evacuation zone, CCS-1 corridor zoning with mixed use optionality, 3 garages plus a paved rear parking court off the alley, and no HOA. Less than half a mile to Central Avenue, the Grand Central District and the SunRunner rapid transit line, with quick access to the Warehouse Arts District, Downtown St. Petersburg, the Tropicana Field / Historic Gas Plant redevelopment and the Gulf beaches. Greystar's 325-unit The Henry is delivering 3 blocks north. The nearly identical adjacent parcel is available from a separate owner by separate negotiation. County records 3 living units; buyer to verify the permitting and use status of the Garage Suites. Showings by appointment only with 48 hours notice; please do not disturb tenants.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6454497 | Year Built: | 2025 | |
| Appliances: | Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator | Community Features: | Sidewalks | |
| Construction Materials: | Block, Stucco | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Pinellas | |
| Exterior Features: | Lighting, Private Entrance, Sidewalk | Financial Data Source: | Broker, Owner | |
| Flooring: | Luxury Vinyl, Tile | Foundation Details: | Slab | |
| Furnished: | Unfurnished | Heating: | Central, Electric | |
| Laundry Features: | Electric Dryer Hookup, Inside, Upper Level, Washer Hookup | Lease Term: | Twelve Months | |
| Levels: | Two | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, Trade, FHA, VA Loan | Lot Features: | Corner Lot, City Limits, Landscaped, Level, Near Public Transit, Sidewalk, Paved | |
| Occupant Type: | Tenant | Other Equipment: | Private Entrance | |
| Parking Features: | Garage Faces Rear, Off Street, Open | Patio And Porch Features: | Front Porch | |
| Possession: | Negotiable | Property Condition: | Completed | |
| Property Sub Type: | Triplex | Property Type: | Residential Income | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt, Paved | |
| Roof: | Shingle | Security Features: | Smoke Detector(s) | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks, Text List Agent | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected | |
| Water Source: | Public | Window Features: | Blinds | |
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