335 47TH AVE N new Save Request In-Person Tour Request Virtual Tour
St Petersburg,FL 33703
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 555 sqft
Price per Sqft $2,834
Subdivision Parklane Condo
MLS Listing ID TB8425350
HOA Y/N No
Year Built 1973
Annual Tax Amount $1,254
Property Sub-Type Multi Family
Source Stellar MLS
Property 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.
Location
State FL
County Pinellas
Community Parklane Condo
Area 33703 - St Pete
Direction N
Interior
Cooling Central Air
Exterior
Utilities Available Public
Building
Story 1
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Ownership Sole Proprietor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8425350