3353 4TH AVENUE S
St Petersburg, FL 33711

10 Beds 9 Full Bath 5690 sq ft 1 Day on Market

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 ...

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Listing Courtesy of: COMPASS FLORIDA LLC
407-203-9441

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Principal and Interest
Property Taxes 1822
HOA Fees 0
Homeowners Insurance 962
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Property Last Updated: November 03, 2026 02:57 AM - ET