335 47th Avenue N Unit 244, St Petersburg, FL 33703
- $1,250,000
- 1
- BD
- 1
- BA
- 555
- SqFt
- List Price
- $1,250,000
- Listing Price
- $1,250,000
- Price Change
- ▼ $49,000 1784009036
- Status
- ACTIVE
- MLS#
- TB8425530
- Bedrooms
- 1
- Bathrooms
- 1
- Living Sq. Ft
- 555
- Property Class
- Condo
- County
- Pinellas
- Region
- St Pete
- Building Name
- 335
Property Description
A rare opportunity to acquire a 13-unit stabilized portfolio in the Parklane Condominiums community, centrally located in the heart of St. Petersburg. This offering includes eleven one-bedroom, one-bath units and two two-bedroom, one-bath units. FULLY LEASED. The asset sits within a well-maintained, complex featuring a fenced in community pool, lush courtyards, grilling area, and shared laundry facilities. The Parklane community provides a quiet residential setting, while remaining just minutes from the downtown core, 4th Street corridor, and major interstates, offering exceptional accessibility and strong tenant demand. Each unit is individually metered, with HOA fees covering exterior maintenance, water, sewer, trash, basic cable, lawn care, and roof reserves—making this an extremely low-maintenance portfolio for residential investors. With in-place rents and minimal vacancy, the portfolio generates strong monthly cash flow with the potential to exceed $15,000 monthly. This is an ideal acquisition for any residential buyer seeking predictable income, long-term upside, and a low-barrier entry into the St. Pete multifamily market.
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Additional Information
- Year Built
- 1973
- Pets
- Yes
- Amenities
- Cable TV
- Pool
- Yes
- Construction
- Block
- Roof
- Shingle
- Exterior Features
- Lighting, Sidewalk
- Sewer
- Public Sewer
- Cooling
- Central Air
- Interior Features
- Other
- Tax Year
- 2024
- HOA Fee Freq
- Monthly
Listing courtesy of LOMBARDO TEAM REAL ESTATE LLC.