335 47th Avenue N #244, Saint Petersburg, FL 33703
Local realty services provided by:ERA Advantage Realty, Inc.
Listed by:mary gillam
Office:lombardo team real estate llc.
MLS#:TB8425530
Source:MFRMLS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$2,702.7
About this home
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, with only two currently vacant. The asset sits within a well-maintained, fenced complex featuring a 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 per month. 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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Home facts
- Year built:1973
- Listing ID #:TB8425530
- Added:23 day(s) ago
- Updated:October 04, 2025 at 11:57 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Living area:555 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1973
- Building area:555 sq. ft.
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$2,702.7
- Tax amount:$1,255 (2024)
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