$1,399,000 - 335 47th Avenue N, ST PETERSBURG
- -
- Bedrooms
- -
- Baths
- 555
- SQ. Feet
- 1973
- Year Built
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 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's fastest-growing submarkets.
Essential Information
-
- MLS® #:
- TB8425350
-
- Price:
- $1,399,000
-
- Bathrooms:
- 0.00
-
- Square Footage:
- 555
-
- Acres:
- 0.00
-
- Year Built:
- 1973
-
- Type:
- Commercial Sale
-
- Sub-Type:
- Multi Family
-
- Status:
- Active
Community Information
-
- Address:
- 335 47th Avenue N
-
- Area:
- St Pete
-
- Subdivision:
- PARKLANE CONDO
-
- City:
- ST PETERSBURG
-
- County:
- Pinellas
-
- State:
- FL
-
- Zip Code:
- 33703
Interior
-
- Cooling:
- Central Air
-
- # of Stories:
- 1
Exterior
-
- Foundation:
- Slab
Additional Information
-
- Days on Market:
- 182
Listing Details
- Listing Office:
- Lombardo Team Real Estate Llc