335 47th Avenue N, St Petersburg, FL 33703
- $1,250,000
- 555
- SqFt
- List Price
- $1,250,000
- Status
- Active
- Days on Market
- 321
- Price Change
- ▼ $49,000 1784009036
- MLS#
- TB8425350
- Property Style
- Multi-Family 5+
- Year Built
- 1973
- Living Area
- 555
- Total Acreage
- Non-Applicable
- Legal Subdivision Name
- Parklane Condo
- MLS Area Major
- St Pete
Property Description
Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg&mdasha well-performing, professionally managed community with a stable tenant base and strong market fundamentals. This 13-unit portfolio consists of eleven 1-bedroom units and two 2-bedroom units, with full occupancy and reliable rental performance. Situated just off the 4th Street corridor and minutes from downtown, the property benefits from excellent connectivity to I-275, vibrant employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable, which significantly reduces operational burden and creates an attractive management-light investment structure. The fenced grounds, mature landscaping, and community amenities including a pool and gazebo, provide long-term stability and tenant retention. With projected gross rents surpassing $15,000 monthly and consistent historical occupancy, this portfolio is well-positioned for institutional or private capital seeking a scaled, income-producing asset with limited turnover and strong cash-on-cash performance in one of Tampa Bay's fastest-growing submarkets.
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Additional Information
- Taxes
- $1254
- Community Features
- No Deed Restriction
- Utilities
- Public
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Foundation
- Slab
- Pool
- No Pool
- Pets
- Allowed
- Flood Zone Code
- AE
- Parcel ID
- 06-31-17-66645-335-0244
- Legal Description
- SEE EXHIBIT A
Listing courtesy of LOMBARDO TEAM REAL ESTATE LLC. 813-321-0437
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