335 47th Avenue N, Saint Petersburg, FL 33703
Local realty services provided by:ERA American Suncoast
Listed by:mary gillam
Office:lombardo team real estate llc.
MLS#:TB8425352
Source:MFRMLS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$2,702.7
About this home
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.
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Home facts
- Year built:1973
- Listing ID #:TB8425352
- Added:23 day(s) ago
- Updated:October 04, 2025 at 11:57 AM
Rooms and interior
- 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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