Sarasota's Premier Homes

335 47TH AVENUE N

ST PETERSBURG , FL 33703

MLS#: TB8425352

$1,573,000

Status: Active
Listing number: TB8425352
Listing provided by: LOMBARDO TEAM REAL ESTATE LLC
Listing agent phone: None
Last update: 2 days ago
New on site 4 days ago
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PARKLANE CONDO - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1973

Sq.Footage

555

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, with only two currently vacant, 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.

Features & Amenities

Interior

  • Other Interior Features

    Other

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Other Exterior Features

    Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,573,000

  • Tax Amount

    1254.78

  • Sq. Footage

    555

  • Price/SqFt

    $2,834

HOA

  • Association

    YES

  • Association Fee Frequency

    N/A

  • Association Fee Includes

    N/A

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    NA

  • Water Source

    Public

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Location

County

Pinellas

Elementary School

Middle School

High School

Listing Courtesy of Mary Gillam , LOMBARDO TEAM REAL ESTATE LLC

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Agent MichaelGraf

Business Coach | Executive Sales Associate | Realtor®

MichaelGraf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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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, with only two currently vacant, 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.

335 47TH AVENUE N

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