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 near 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&rsquos fastest growing submarkets.
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 near 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&rsquos fastest growing submarkets.
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.
Apply Now
