Address: 335 47th Avenue N 244, ST PETERSBURG, FL 33703
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, 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 reservesmaking 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.
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 reservesmaking 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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Lighting, Sidewalk
Flooring: Other
Living Area: 555.00
Roof: Shingle
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
Heating: Central
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: Public
Amenities
Association Amenities: Cable TV
Finance and Tax Information
Home Owners Association Fee Includes: Pool, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Trash, Water
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Other
Association Name: JHASML SANTIAGO
Association Phone: 727-432-2181
Country: US
Interior Features: Other
Legal Description: PARKLANE CONDO BLDG 335, UNIT 244
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
