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 monthly 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.
| MLS # | TB8425350 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-family 5+ |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1973 |
| Days On Site | 366 |
| Listing Provided By | LOMBARDO TEAM REAL ESTATE LLC | Mary Gillam |
| SQ Feet | 555 |
|---|---|
| Story(s) | 1 |
| Property | 1254 |
|---|
| State | FL |
|---|---|
| County | Pinellas |
| City | ST PETERSBURG |
| Zip Code | 33703 |
| Area | 33703 St Pete |
| Community Name | PARKLANE CONDO |
| State | FL |
|---|---|
| County | Pinellas |
| City | ST PETERSBURG |
| Zip Code | 33703 |
| Area | 33703 St Pete |
| Community Name | PARKLANE CONDO |
![]() | $1,250,000335 47th Ave NSt Petersburg, FL 33703 |
![]() | $1,250,000335 47th Ave N #244St Petersburg, FL 33703 |