335 47th Avenue N, St Petersburg, FL 33703
- $1,250,000
- 555
- SqFt
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- TB8425352
- Price Change
- ▼ $49,000 1784009036
- Living Area
- 555
- Subdivision
- Parklane Condo
Property Description
For the investor seeking immediate income and future upside, this 13-unit income-producing portfolio in the Parklane Condominiums offers an exceptional blend of stability, location, and scale. The mix consists of eleven one-bedroom units and two two-bedroom units, FULLY LEASED, and gross rental potential exceeding $15,000/monthly. The property is situated in a high-demand rental corridor just minutes from downtown St. Petersburg, with direct access to I-275, 4th Street, major employers, and public transportation. Parklane has had consistent demand and minimal vacancy. The portfolio benefits from an investor-friendly HOA structure that covers nearly all exterior operational costs, including maintenance, roof reserves, pool service, water, sewer, trash, cable, and landscaping, providing a passive ownership profile with reduced management complexity. Tenants enjoy a gated, well-maintained community with a shared pool, green space, and common areas that promote long-term retention. Whether you are expanding an existing portfolio or executing a 1031 exchange, this stabilized asset offers immediate income, operational efficiency, and strong fundamentals in a rapidly appreciating urban market.
Additional Information
- HOA Fee
- $386
- Year Built
- 1973
- Construction
- Block
- Living Area
- 555
- Interior Features
- Other
- Cooling
- Central Air
- Heating
- Central
- Exterior Features
- Other, Sidewalk
- Sewer
- Public Sewer
- Pets
- Yes
Listing courtesy of LOMBARDO TEAM REAL ESTATE LLC.
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