- Multi Family, Residential Income
- 1973
Address
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Address: 335 47TH N AVENUE
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State/county: FL
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Zip/Postal Code: 33703
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Area: PARKLANE CONDO
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.
Details
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Property ID TB8425352
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Price $1,399,000.00
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Garage Size x x
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Year Built 1973
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Type Multi Family, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,Conventional
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Association Fee 386
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Roof Shingle
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Utilities Public
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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Flooring Other
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County Pinellas
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Property Type Residential Income
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Community Features Pool
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Features
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