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 PROPERTY 335 47th Avenue N, ST PETERSBURG, FL 33703, MLS#TB8425350 - Commercial Sale
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Hardeep Kumar Yh

HR Moon Homes
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  4. 335 47th Avenue N, ST PETERSBURG, FL 33703
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335 47th Avenue N
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PRICED AT ONLY: $1,350,000

Address: 335 47th Avenue N, ST PETERSBURG, FL 33703

Description

Introducing a highly sought after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg&mdasha well performing, professionally managed community with a stable tenant base and strong market fundamentals. This 13 unit portfolio consists of eleven 1 bedroom units and two 2 bedroom units, with full occupancy and reliable rental performance. Situated just off the 4th Street corridor and minutes from downtown, the property benefits from excellent connectivity to I 275, vibrant employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable, which significantly reduces operational burden and creates an attractive management light investment structure. The fenced grounds, mature landscaping, and community amenities including a pool and gazebo, provide long term stability and tenant retention. With projected gross rents surpassing $15,000 per month and consistent historical occupancy, this portfolio is well positioned for institutional or private capital seeking a scaled, income producing asset with limited turnover and strong cash on cash performance in one of Tampa Bay's fastest growing submarkets.

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  • MLS#: TB8425350 ( Commercial Sale )
  • Street Address: 335 47th Avenue N
  • Viewed: 90
  • Price: $1,350,000
  • Price sqft: $2,432
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 555
  • Days On Market: 218

Description

Introducing a highly sought after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg&mdasha well performing, professionally managed community with a stable tenant base and strong market fundamentals. This 13 unit portfolio consists of eleven 1 bedroom units and two 2 bedroom units, with full occupancy and reliable rental performance. Situated just off the 4th Street corridor and minutes from downtown, the property benefits from excellent connectivity to I 275, vibrant employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable, which significantly reduces operational burden and creates an attractive management light investment structure. The fenced grounds, mature landscaping, and community amenities including a pool and gazebo, provide long term stability and tenant retention. With projected gross rents surpassing $15,000 per month and consistent historical occupancy, this portfolio is well positioned for institutional or private capital seeking a scaled, income producing asset with limited turnover and strong cash on cash performance in one of Tampa Bay's fastest growing submarkets.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 555.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Pets Allowed: Yes - See Condo Docs
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: SEE EXHIBIT A
  • Area Major: 33703 - St Pete
  • Parcel Number: 06-31-17-66645-335-0244
  • Views: 90
Nearby Subdivisions
Parklane Condo  

Contact Info

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