Active

$1,573,000

Features:
  • 1 Bedrooms
  • 1 Bathrooms
  • 555 sq ft
Overview
  • ID: MFRTB8425530
  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 555 sq ft
Property Details
Remarks
A rare opportunity to acquire a 13-unit stabilized portfolio in the Parklane Condominiums community, centrally located in the heart of St. Petersburg. This offering includes eleven one-bedroom, one-bath units and two two-bedroom, one-bath units, with only two currently vacant. The asset sits within a well-maintained, fenced complex featuring a community pool, lush courtyards, grilling area, and shared laundry facilities. The Parklane community provides a quiet residential setting, while remaining just minutes from the downtown core, 4th Street corridor, and major interstates, offering exceptional accessibility and strong tenant demand. Each unit is individually metered, with HOA fees covering exterior maintenance, water, sewer, trash, basic cable, lawn care, and roof reserves—making this an extremely low-maintenance portfolio for residential investors. With in-place rents and minimal vacancy, the portfolio generates strong monthly cash flow with the potential to exceed $15,000 per month. This is an ideal acquisition for any residential buyer seeking predictable income, long-term upside, and a low-barrier entry into the St. Pete multifamily market.
Financial Considerations
Price:
$1,573,000
HOA Fee:
N/A
Tax Amount:
$1254.78
Price per SqFt:
$2834.23
Tax Legal Description:
PARKLANE CONDO BLDG 335, UNIT 244
Exterior Features
Lot Size:
0
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
1
Bathrooms:
1
Heating:
Central
Cooling:
Central Air
Appliances:
Other
Furnished:
No
Floor:
Other
Levels:
One
Additional Features
Property Sub Type:
Condominium
Style:
N/A
Year Built:
1973
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Lighting, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    335 47TH AVE N #244
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 315,875
avt
Daniel Dourado
$ 389,450
avt
Daniel Dourado
$ 220,000
img
  • Featured
  • Active
Condominium

12220 WILD IRIS WAY #103

  • 2
  • 2
  • 104 m²
avt
Daniel Dourado
$ 244,000
avt
Daniel Dourado
$ 990,000
img
  • Featured
  • Active
Condominium

1111 RITZ CARLTON DR #1704

  • 3
  • 3
  • 459 m²
avt
Daniel Dourado
$ 3,825,000
avt
Daniel Dourado
$ 324,900
avt
Daniel Dourado
$ 1,095,000
avt
Daniel Dourado
$ 328,000
avt
Daniel Dourado
$ 285,000
avt
Daniel Dourado
$ 375,000