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German Hernandez Jr.

german@swflhouses.com +1(239) 747-7347

$ 1,399,000

Est. payment -/mo

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Active

335 47TH AVE N St Petersburg, FL 33703

555 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 555 sqft

Price per Sqft $2,520

Subdivision Parklane Condo

MLS Listing ID TB8425352

HOA Fees $386/mo

HOA Y/N Yes

Annual Recurring Fee 4632.0

Year Built 1973

Annual Tax Amount $1,254

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

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, FULLY LEASED, 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.

Location

State FL

County Pinellas

Community Parklane Condo

Area 33703 - St Pete

Direction N

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Other

Fireplace false

Laundry Common Area

Exterior

Exterior Feature Other, Sidewalk

Community Features Pool

Utilities Available Public

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Monthly Total Fees $386

Acceptable Financing Cash, Conventional

Membership Fee Required Required

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8425352

Listed by Mary Gillam LOMBARDO TEAM REAL ESTATE LLC

German Hernandez Jr.

Agent | SL3248261

+1(239) 747-7347

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German Hernandez Jr.

335 47TH AVE N St Petersburg, FL 33703

Key Details

Location

Interior

Exterior

Building

Others

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335 47TH AVE N