$1,393,500

2540 1st Avenue N Saint Petersburg, FL 33713 Multi Unit - Multiple Active

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Description

Unlock a high-yield, multi-stream investment strategy in the heart of the Grand Central District.Clemmons Court introduces a revolutionary Live-Work-Earn model that caters to the modern professional and the portfolio-minded investor alike. Situated in a coveted Non-Flood Zone (Zone X) and Non-Evacuation Zone, this newly built city retreat offers 2,965 total square feet of thoughtful design and unmatched versatility.The primary residence is a sleek 2,050 sq ft home featuring three bedrooms, 3.5 bathrooms, engineered hardwood floors, marble finishes, and custom wood cabinetry. But the real draw lies in the TWO DISTINCT PASSIVE INCOME PLAYS BUILT DIRECTLY built directly into the site plan:INVESTMENT STREAM 1: Capitalize on the 538 sq ft ground-floor commercial retail space. With a private entrance on First Avenue N and its own half-bath, it's a turnkey opportunity for a boutique storefront, a high-end personal office, or a steady commercial lease.INVESTMENT STREAM 2: The property includes a detached two-car garage topped by a 377 sq ft Accessory Dwelling Unit (ADU). This self-contained suite-complete with a full kitchen, bathroom, and walk-in closet-is a ready-to-go rental engine or guest house.Whether you occupy the main house and let the retail and ADU units cover your mortgage, OR LEASE ALL THREE COMPONENTS for a triple-threat ROI, the math works. The four single-family homes of Clemmons Court encircle a private, European-style courtyard, offering a quiet escape just steps from the high-energy pulse of St. Pete.You're perfectly positioned near the city's most talked-about spots: grab coffee at Bandit, dinner at Mythos, or drinks at WildChild. This is a rare chance to own a piece of a limited-edition community designed for the future of urban living.September 2026 delivery. Maximize your portfolio with a property that works as hard as you do.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Garage: 2
Heating: Central, Electric, Exhaust Fan
Lot Size: 0.04 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $7,899
Year Built: 2025

General Information

Bedrooms: 4
Sqft: 2,965
County: Pinellas
Subdivision: CLEMMONS COURT
Listed By:
Tess Mullinax COMPASS FLORIDA LLC 727-380-2067

Amenities

Ceiling Fans(s)
Eat-in Kitchen
High Ceilings
Kitchen/Family Room Combo
PrimaryBedroom Upstairs
Solid Wood Cabinets
Stone Counters
Thermostat
Walk-In Closet(s)
Balcony
Fence
Lighting
Private Entrance
Rain Gutters
Sidewalk

Property Features

Annual Net Income: 48000.00
Days on Site: 1
Directions: Head West on First Avenue and the homes will be on your left past 25th Avenue North.
Exterior: HardiPlank Type, Frame
Flood Zone Code: X
Flooring: Hardwood, Tile
Foundation: Slab, Stem Wall
HOA Fee: 175/ Monthly
HOA Y/N: Yes
Home Warranty Y/N: No
Lease Terms: 6-12 Month
Listing Terms: Cash, Conventional
Lot: City Limits, Near Public Transit, Sidewalk, Street One Way, Paved
Lot Dimensions: 0.04
Number of Pets: 3
Other Equipment: Irrigation Equipment, Private Entrance
Ownership: Fee Simple
Parking: On Street
Parking Notes: On Street
Patio/Porch: Patio, Porch
Pets Allowed: Number Limit, Size Limit, Yes
Pets Restrictions: No more than 3 pets per home (including ADU). No pet shall weigh over 70 lbs.
Pets Size: Large (61-100 Lbs.)
Pets Weight (Max): 70
Property Attached Y/N: Yes
Property Sub-Type: Triplex
Security: Fire Sprinkler System, Security Gate
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities
Water: Public
Water Access Y/N: No
Zoning: CRT-2
$1,393,500
4beds
2,965sqft
2cars
New to the Market Active
BEDS4 BATHS SQUARE FEET2,965 MLS#TB8539472
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCLEMMONS COURT

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2540 1st Avenue N, Saint Petersburg, FL 33713.

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Estimated Payment

$ 5,764.73 per month $4,700.04 Principal & Interest $658.25 Property Tax $406.44 Homeowner's Insurance

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