335 47TH AVE N new Save Request In-Person Tour Request Virtual Tour
St Petersburg,FL 33703
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 555 sqft
Price per Sqft $2,834
Subdivision Parklane Condo
MLS Listing ID TB8425352
Condo Fees $66
Year Built 1973
Annual Tax Amount $1,254
Property Sub-Type Multi Family
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, with only two currently vacant, 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.
Location
State FL
County Pinellas
Community Parklane Condo
Area 33703 - St Pete
Interior
Heating Central
Cooling Central Air
Flooring Other
Laundry Common Area
Exterior
Exterior Feature Other,Sidewalk
Community Features Pool
Utilities Available Public
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Monthly Total Fees $66
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8425352